(New York) The New York Stock Exchange closed in a small decline on Monday after a robust week that saw the broad S index climb
The Dow Jones index fell 0.59% to 33,562.60 points, the tech-heavy NASDAQ fell 0.09% to 13,229.43 points and the S
Among the few macroeconomic data of the week, the activity index in services in the United States disappointed which tarnished the tone of the session.
Activity in services barely increased in May, with the ISM index coming in at 50.3%, less than expected and at a slower pace compared to April (51.9%).
“The services sector is finally showing signs of weakness […] which could become even more noticeable in the coming months,” said Edward Moya of Oanda.
In addition, industrial orders increased by 0.4% in April, half of the expected growth and less than in March (0.6%).
On the stock market, Apple had the wind in its sails in the first part of the session in the feverish expectation of a product announcement, which again pushed the first market capitalization to a new all-time high of 2.846 billion dollars.
But the title changed slightly (-0.76%) after Apple announced the launch on the market at the beginning of next year of the Vision Pro, a mixed virtual reality headset (virtual and augmented) marketed in $3500.
Given the price, analysts estimate that 150,000 helmets will be delivered in the first year, estimates Dan Ives of Wedbush.
“Vision Pro is a new kind of computer that augments reality by seamlessly blending the real and the digital,” Apple boss Tim Cook said.
It’s the biggest product launch for Apple since the brand unveiled its smartwatch, the Apple Watch, in 2015.
Meta fell 0.45%, as Facebook’s parent company is Apple’s biggest competitor in the metaverse, where its headsets priced from $500 hold 80% of the market.
Overall, Wall Street indices suffered from “profit taking after last week’s jump,” said Spartan Capital’s Peter Cardillo.
On Friday, the NASDAQ finished at its highest closing level in 13 months, while the S
Amazon (0.85%), Tesla (1.70%), Alphabet (1.12%), however, remained largely in the green on Monday.
Microprocessor giant Intel fell 4.63% as Apple will equip its new Mac Pro computer with its own m2 Ultra processor.
Bargain chain Dollar General fell 4.36% after a downgrade in stock appreciation by Morgan Stanley.
The decision by the US securities regulator SEC to sue Binance, the largest cryptocurrency exchange, for circumventing regulations has upended the assets of the cryptocurrency world.
Bitcoin was down more than 6% at $25,609 around 4:40 p.m. EST.
On Wall Street, the Coinbase platform, which is also under threat of being sued by the SEC, collapsed from 9.05% to 58.71%.
Robinhood, the brokerage app that also offers crypto-asset investing, fell 3.32%.
On the bond market side, yields eased at the margin, with the 10-year rate standing at 3.68% versus 3.69%.
