2024-01-09 22:57:07
Wall Street is catching its breath the day after its best session since mid-November: Dow Jones lost 0.4% to 37,525, the S&P500 fell by -0.15%, the Nasdaq (+0.1%) ‘extracted from the red zone (at 14,857) thanks to Nvidia which gained +1.7% to establish a new absolute record at $543.2 (i.e. +$130B in ‘capi’ since January 1, at $1,310B ).
The star of the day was also Juniper +21.8%, then Illumina +4.6%, AMD +2.1%, Uber +2.2%, without forgetting Alphabet and Amazon +1.5%.
The S&P500 was weighed down once again by the oil/energy sector with Halliburton -4%, Schlumberger -3.5%, Chevron and Conoco -3.2%, Hess and Devon -2.6%, Occidental -2, 5%, Baker Hugues -2.5%.
The bond market was of no help because heaviness prevailed – barely – over the bond compartment.
The US T-Bond ended at 4.01% at the end of a session where 95% of trade remained trapped in a 4,000/4,050% corridor.
The ‘figures of the day’ had no impact: the United States trade deficit narrowed by around -2%, to $63.2 billion in November 2023, compared to that of 64.5 for the month previous estimate (which was revised from an initial estimate of $64.3 billion), according to the Commerce Department.
US investors remain cautious, awaiting inflation figures in the United States (Thursday), while the quarterly results season across the Atlantic is also approaching (Bank of America, Wells Fargo, JP Morgan will open the ball ).
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