Business Economy

Wall Street opens down slightly

NEW YORK (Reuters) – Wall Street began on a cautious note on Tuesday before publication of a highly anticipated indicator of industrial activity in the United States, which provide investors with new elements to assess the strength of the recovery economic.

In early trade, the Dow Jones dropped 0.06% to 13,205.45 points. The Standard & Poor’s, wider, yielding 0.07% at 1396.96 points while the Nasdaq composite retreated 0.14% to 3042.02.

The S & P 500 recorded in April its first negative monthly performance since November after a series of indicators showing a slowdown in the U.S. and an increase in tensions in the euro area.

The Institute for Supply Management (ISM) must publish at 14:00 GMT the index of manufacturing activity for the month of April. Calculated on the basis of a survey of purchasing managers, this index is expected to slightly down to 53.0 against 53.4 in March.

The session on U.S. markets will be driven by the monthly construction spending, by the monthly figures for car sales and numerous publications of results: according to Thomson Reuters data, 32 companies in the S & P 500 should present their accounts in the day.

Among those who did so before the opening, the pharmaceutical giant Pfizer gives up 1.26% despite the announcement of earnings above the consensus.

On the upside, the chemicals group Huntsman jumped 9.5% after announcing a net quarterly profit nearly tripled due to rising prices.

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