2024-01-10 22:41:07
Wall Street finished slightly higher but this was enough to allow the Dow Jones (+0.45%, 3rd best closing of all time, at 36,695) or the S&P500 (+0.57% to 4,683.5) to register a new absolute zenith of closure.
The year 2024 thus turns green for the two aforementioned historical indices, the Nasdaq-100 gaining 0.7% (close to 16,800) in the wake of Nvidia (+2.5%) which shatters a new absolute record at $545.5, or +10% since January 1, already the best performance among the fantastic 7.
Note the solid increases in Palo-Alto +5.2%, Meta +3.7%, Juniper +2.1% (after +21% the day before) and especially Intuitive Surgical with +10.2%.
Even if commentators evoke a climate of wait-and-see on the eve of inflation data in the United States, it is a wind of confidence that was blowing this evening from Manhattan South.
Perhaps some positions are already taking shape ahead of the fourth quarter results season for American companies which is due to begin on Friday, with the publications of the major banking groups JPMorgan Chase, Bank of America and Wells Fargo.
Today’s session also did not give rise to significant movements on the bond market in the absence of leading economic indicators: wholesale stocks in the United States again decreased slightly, by 0.2% in November 2023, according to the Department of Commerce after -0.3% in October… data which dates from 2 months ago and is not relevant for determining future trends.
US T-Bonds ended the day unchanged at 4.018%: we can really speak of a ‘pause’ on the eve of the CPI.
Note that ‘WTI’ oil reversed course on the NYMEX, going from +1.4% to -1.3% to $71.3 after the publication of data from the American Information Agency on the Energy (EIA): They show that crude oil inventories in the United States stood at 432.4 million barrels during the week of January 1, signaling a modest increase of 1.3 million barrels compared to the previous week.
Stocks of distilled products – including domestic fuel oil – increased by 6.5 million barrels, while gasoline stocks increased by 8 million barrels, still compared to the previous week, the agency continues.
Finally, the EIA specifies that refineries operated at 92.9% of their operational capacity during the same week, with an average production of 9.7 million barrels/day.
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