Wall Street closed lower, concerned about the banking situation

The New York Stock Exchange ended on March 28 in negative territory, in a calm market regarding the stability of the banking system, but without indicators in sight that allow you to orient it.

Thus, the main index, the Dow Jones, yielded 0.12%he nasdaqtechnological component, 0.45% and the expanded index S&P 500, of the largest 500 companies, fell 0.16%.

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The trading day started off mixed but the indices quickly turned negative. “It would seem that there is no momentum to buy or sell, frankly“, summarized Steve Sosnick, an analyst at Interactive Brokers.

Also “it is good that there is no more news” after two very eventful weeks in the banking sector, “but without events” or macroeconomic indicators of importance, “not too many important elements to lean on” to operate, he added.

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Among the values ​​of the day, the clothing group PVH shot up 20.02% after publishing a significantly higher than expected net profit for the last quarter of last year, thanks in particular to the good results of the brand Calvin Klein.

The installment payment specialist at iInternet Affirm (-7.34%) suffered from the arrival in this market of the giant Manzanawhich launched its service on Tuesday Apple Pay Later.

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The chauffeur-driven vehicle booking platform Lyft fell sharply, 7.60%after the announcement of the arrival of a new CEO, David Risherformer executive of the online commerce giant Amazon and computing Microsoftwho will succeed the co-founder of the company Logan Green.

AFP