2023-08-17 16:32:40
(Photo: Getty Images)
MARKET REVIEW. The New York Stock Exchange moved in dispersed order Thursday, after two sessions of losses while the tension on bond rates continues.
The Toronto Stock Exchange opened slightly higher.
To (re)consult market news
Stock market indices at noon
In Toronto, the S&P/TSX lost 21.83 points (-0.11%) to 19,875.99 points.
In New York, the S&P 500 fell by 2.66 points (-0.06%) to 4411.47 points.
The Nasdaq decreased by 46.12 points (-0.34%) to 13,428.93 points.
The DOW lost 54.89 points (-0.15%) to 34,710.85 points.
The loon took US$0.0002 (+0.0338%) to US$0.7393.
The oil gained US$1.26 (+1.5873%) to US$80.64.
L’or dropped US$8.7001 (-0.4512%) to US$1,919.60.
The bitcoin fell from US$1,189.57 (-4.10%) to US$27,813.44.
Context
“There is nothing on the agenda to change the bigger picture until Fed Chairman Jerome Powell appears at the Jackson Hole central bankers meeting at the end of next week” , judged Will Compernolle of FHN Financial.
“From here to Jackson Hole, markets will be watching China for any more headline-grabbing issues,” the analyst said. In China, the setbacks of the promoter Country Garden raise fears of repercussions for the country’s financial system.
Among the indicators, the manufacturing activity index of Philadelphia, a highly industrialized region of the United States, experienced its first increase in nearly a year in August. A sign, however, that the optimist is not totally there among the industrialists of Philadelphia, the index concerning future activity is in sharp decline.
As for weekly jobless claims, they fell a little contrary to forecasts to stand at 239,000 (-11,000). “Risks are tilted in favor of another (Fed) rate hike if the labor market does not ease further,” reacted Nancy Vanden Houten of Oxford Economics, following the idea that a labor market Tense employment promotes wage increases, and therefore inflation.
Is popular, Walmart (WMT, +0,01%)a member of the Dow Jones, stagnated despite good results.
The hypermarket chain has revised upwards its forecast for its staggered 2024 financial year in view of the performance achieved in the second quarter, during which its sales increased by 5.7% over one year. The group generated a record net profit of 7.90 billion US dollars (US$ billion) (+53.3% over one year) on a turnover of US$161.63 billion.
The giant of telecommunications systems Cisco (CSCO) jumped 4.77% after announcing better-than-expected results in the fourth quarter and mentioning an increase in its market share in equipment related to artificial intelligence.
The electricity supplier Hawaiian Electric (HE) plunged 15% after reports from the Wall Street Journal said the group was in talks with a consulting firm specializing in restructuring as it faces financial and legal challenges after the deadly fires on Maui.
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