(New York) The New York Stock Exchange ended lower on Tuesday, weighed down by two technological giants, Oracle and Apple, whose new iPhone was received without enthusiasm, the market remaining wait-and-see before a series of American indicators.
The Dow Jones lost 0.05%, the NASDAQ index fell 1.04% and the broader S index
“It was a dull session from the start,” commented Patrick O’Hare of Briefing.com. “We started with the Oracle failure and confirmed with Apple, which folded before and after its product launch. »
The software publisher and remote (cloud) computing provider Oracle (-13.50%) thus published, Monday after the market, a turnover slightly lower than expected and forecasts considered disappointing.
As for Apple (-1.71%), its new iPhone 15 did not impress investors, the main change compared to the previous version being the integration of a so-called “USB-C” port to satisfy the notebook charges set by the European Union.
“Apart from the price of the iPhone 15 Pro, which was expected to increase (compared to its 14 version) but which remained unchanged, the presentation resembled what the specialists expected,” commented Yory Wurmser, d ‘Insider Intelligence.
Since the publication of press information, never officially confirmed, according to which the Chinese authorities had banned the iPhone in certain government agencies, the largest capitalization in the world has lost more than 7%, erasing, in the process, more than 200 billion dollars of stock market value.
The ten largest capitalizations on the NASDAQ all lost more than 1% on Tuesday, led by Tesla (-2.23%), Meta (-1.92%) and Microsoft (-1.83%).
On the other hand, the Dow Jones did rather well, thanks in particular to the banks, Goldman Sachs (1.93%) and JPMorgan (1.30%), as well as to values considered defensive, i.e. that is to say less sensitive to the economy, like McDonald’s (0.34%), Honeywell (1.61%) or Walgreens (1.34%).
Disney remained well oriented (1.41%) after the agreement on Monday with the cable operator Charter Communications (0.18%), which will allow approximately 15 million American cable television subscribers to access the group’s flagship channels, mainly ABC and ESPN (sport).
The aeronautics and defense group RTX (formerly Raytheon) continued its slide (-1.74%), the day after a profit warning linked to a problem with the engines of its Pratt subsidiary.
The New York market is already awaiting the publication, on Wednesday, of the CPI price index for August, which should record a rebound in inflation, according to economists’ forecasts.
Strength in energy stocks, supported by a rise in crude oil prices, allowed the Toronto Stock Exchange benchmark to close higher.
The composite index S
On the currency market, the Canadian dollar traded at an average rate of 73.75 US cents, up from 73.63 US cents on Monday.
Crude oil prices rose US$1.55 to US$88.84 per barrel, while natural gas prices rose 14 US cents to US$2.74 per million BTUs.
Gold prices fell US$12.10 to US$1,935.10 per ounce and copper prices fell US$2 cents to US$3.79 per pound.
