Wall Street opened slightly lower on Monday, after seven out of nine weeks of gains since the start of the year, a dynamic that has enabled it to set one record after another.

In late morning trading, the Dow Jones gave up 0.3% to 38,968 points, while the Nasdaq Composite was down 0.2% to 16,243.9 points.968 points, while the Nasdaq Composite was down 0.2% at 16,243.9 points.

Since January 1, the S&P 500, the benchmark index for fund managers, has gained nearly 7%, buoyed by better-than-expected economic indicators and the good health of major technology stocks.

This surge in the US stock market has prompted some investors to take a cautious approach and pause for breath today, even though many professionals believe that bullish sentiment remains intact.

We can expect the recent market logic of buying stocks when they perform well and selling them when they show weakness to continue", says one trader.

"Opportunities remain limited, and it is unlikely that the concentration of the upside seen until recently will be interrupted", he adds.

The top ten S&P stocks alone are up 18% this year", concludes the market operator.

With no catalysts today, investors are eagerly awaiting Friday's release of the latest employment figures, which should give their verdict on the evolution of the US economy.

The economy's good performance, which is exceeding estimates, could once again support earnings growth and provide a positive backdrop for equity markets.

'The unemployment rate has never exceeded the 4% threshold in the last 26 months, a series not seen since the late 1960s', point out the Raymond James teams.

On the stock front, Ford advanced 1.5% after reporting a 10.5% rise in US sales in February, boosted by deliveries of electric and hybrid vehicles.

Macy's climbed 15% after receiving an improved unsolicited offer from the two investment funds Arkhouse and Brigade.

In the oil market, the price of a barrel of Texas light crude (WTI) fell back below $80, despite the decision by Opep+ to extend production cuts into the second quarter.

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