The Dow Jones fell back below 27,000, down 1.31%, and the Nasdaq fell back below 10,700, with a drop of 2.29%.
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Wall Street ended down Thursday after figures showing that the number of Americans registered as unemployed had risen again last week and with the decline of the big names in the technology sector.
Its flagship index, the Dow Jones Industrial Average, lost 1.31% to 26,652.33 points.
The Nasdaq, with strong technological coloring, lost 2.29% to 10,461.42 points.
The extended S&P 500 index, which remained on four sessions higher, fell 1.23% to 3,235.66 points.
Just over 1.4 million new unemployment claims were filed between July 12 and July 18, up from 1.307 million the week before, according to data released Thursday by the Labor Department.
This is the first time that weekly registrations have increased since their slow decline that began in early April, a sign that the surge in coronavirus contamination in the country is weighing on the job market.
But for JJ Kinahan, head of market strategy at TD Ameritrade, “the trend continues to be in the right direction” as the number of new applicants remains close to that of the previous week.
“Hopefully this is a flattening of the curve rather than the start of a slump,” adds Kinahan.
Wall Street was also weighted Thursday by the withdrawal of several tech giants.
This was the case with Microsoft (-4.35%), which admittedly reported better-than-expected revenue when it released its quarterly results on Tuesday evening, but which saw its license sales slow and its subsidiary LinkedIn, famous professional social network, suffer from the weakness of the job market.
Tesla also fell (-4.98%) after having yet posted profits Tuesday night for the fourth consecutive quarter. Its boss Elon Musk has also announced that the manufacturer of high-end electric vehicles will open its new plant in the United States, in Texas, and reiterated its goal of delivering 500,000 cars by the end of the year. .
On the bond market, the 10-year US debt rate fell to 0.5774% around 8:20 pm GMT against 0.5971% Wednesday evening.
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