• 08/08/2022
  • By binternet
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The New York Stock Exchange opens strongly in the red, gloomy after a setback for Joe Biden at Congress<

The New York Stock Exchange opened up sharply on Monday, showing gloom after a major setback for Joe Biden at the Congress and the announcement of new restrictions due to the omicron variant of the coronavirus.

Around 3:10 p.m., the Dow Jones fell 1.72 % to 34.756.07 points, the NASDAQ index, with a strong technological composition, ceded 1.52 % to 14.938,47 points et l'indice élargi S&P 500, 1,58 % à 4.547.67 points.

During the weekend, the market, """"which was already weakened, received two chained shots,"""" said Adam Sarhan, founder and managing director of 50 Park Investments.

The first came from the new restrictions announced to deal with the meteoric propagation of the variant omicron around the world.The Netherlands notably declared the closure of all non-essential businesses until January 14, while the Israeli government prohibited its citizens on Sunday from going to several European countries.

To this degradation was added the reverse of the American president Joe Biden, whose massive plan of 1.$ 750 billion seems almost condemned after the Democratic Senator Joe Manchin's refusal to vote him.

The voice of this moderate elected representative of Virginie-Western is necessary to pass the text in the Senate, which has exactly as many elected democrats as republicans (50).

For Patrick O'Hare, briefing.com, the mood of the market is also affected by the prospect of an increase in rates by the American central bank (Fed) from the spring.

""""The conjunction of these factors feeds fears of a global economic slowdown and companies unable to satisfy the expectations of"""" investors, he added, in a note.

In this context, the trend is at a lower exposure to assets considered to be at risk or high growth, including the manufacturer of electric vehicles Rivian (-3.74 %) or the specialist in Intel semiconductors (-2.21 %).

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The contrast is marked with the tradition of a market which often ends the year on an acceleration upwards.""""It's not over,"""" tempers Patrick O'Hare, """"it could still happen, but for the moment, the general atmosphere has deteriorated.""""

Le marché a dépassé plusieurs seuils techniques à la baisse ces derniers jours """"et il pourrait connaître un joli rebond"""", abonde Adam Sarhan. """"Je ne serais pas surpris si on voyait une vague de rachats spéculatifs cette semaine.""""

Quotes

Among the values noticed on Monday, Novavax did not benefit (-1.58 % to 213.89 dollars) of the green light, Monday, of the European Medicines Agency (EMA) to the marketing of its anti-Cavid vaccine.Nuvaxovid is based on more classic technology, similar to that used for hepatitis B vaccines or darling.

The competitor of Novavax, Moderna, capitalized on him (+$ 1.13 % at 298.14 dollars) on the results of a clinical study which shows that a reminder of his anti-Cavid vaccine made with a full dose, against half-Dose currently, even more increases its effectiveness against the omicron variant of the coronavirus.

The American software and giant remote computer publisher (Cloud), Oracle, slipped (-2.94 % to 93.78 dollars) after the announcement of the acquisition of Cerne (+0.84 % at$ 90.52), a company specializing in IT services in the medical sector, for a corporate value of $ 28.3 billion.

La chaîne de salles de cinémas AMC parvenait à s'extraire du marasme (+1,89 % à 29,67 dollars) après l'annonce que le film """"Spider-Man: No Way Home"""" avait engrangé 253 millions de dollars au box-office nord-américain ce week-end, soit la troisième meilleure sortie de tous les temps, pandémie ou non.

Sign of investor risk aversion, US bond yields were again relaxing.The average rate of American state loans at 10 years was 1.39 %, compared to 1.40 % Friday.

Italian fashion house Ermenegildo Zegna was making an encouraging start to Wall Street (+3.47 % to 10.14 dollars), where it entered through an investive European group financial vehicle, becoming the first Italian labelTo be listed in New York.