After rebounding the previous day, the New York Stock Exchange fell again on Tuesday, penalized in particular by the heaviness of technology stocks against a backdrop of rising bond yields.

At the end of the morning, the Dow Jones dropped 0.7% to 37,426.5 points, while the Nasdaq Composite shed 0.3% to 14,798.4 points.426.5 points, while the Nasdaq Composite gave up 0.3% to 14,798.4 points.

The major technology stocks failed to confirm their rebound of the previous day, which had been motivated in particular by a hunt for bargains after a poor start to the financial year.

Recent indicators also confirmed the good health of the US economy, which at the same time rekindled concerns about rapid rate cuts.

Only 61% of traders now anticipate a rate cut of 25 basis points at the Fed meeting scheduled for March 20, compared with 69% a week ago, according to the FedWatch tracking tool.

Trading was also tinged with caution ahead of the release of inflation figures on Thursday and the kick-off of the quarterly earnings season the following day.

On the statistical front, the US trade deficit narrowed to $63.2 billion in November, compared with $64.5 billion the previous month, according to the Commerce Department.

General risk aversion is benefiting gold, which is back not far from its all-time highs, and the dollar, buoyed by questions about the evolution of the Fed's monetary policy.

At the same time, these doubts are pushing up yields on US Treasuries, which are trending higher despite the volatility of equities, with ten-year paper recovering above 4%.

After their spectacular fall the previous day, oil prices rebounded, with uncertainty over shipping safety in the Red Sea more than offsetting Saudi Arabia's announcement of a price cut.

The February contract for U.S. light crude (West Texas Intermediate, WTI) rose by 1.2% to $71.6 a barrel.

Among stocks, HPE dropped more than 8% on rumors of interest in network equipment maker Juniper Networks, which in turn soared by some 21%.

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