As in Europe, New York suffered some profit taking in the latest sessio, caught up by fears of a global economic slowdown and questions about the progress of trade negotiations between China and the United States. A meeting between Donald Trump and Xi Jinping seems unlikely before the fateful date of March 1st, rekindling fears of difficult talks.
The S&P500 index ended down 0.94% to 2709 points, also impacted by the decline in oil and some poor corporate results (Twitter -9.8%).
The US index should end the week on a bearish note, as suggested by futures contracts currently at -0.5%.
On the statistical side, no publication is expected today.
In hourly data, the S&P500 index shows some signs of slowing down, after having recently reached the 2740-point zone. In the short term, the dynamic is not yet deteriorated but the decline of 2689 points would militate for the beginning of a stronger consolidation towards 2674 points then 2648 points.