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New York (AFP) – The New York Stock Exchange moved up slightly on Tuesday, in an uncrowded market in this Thanksgiving week, pending further comments from members of the Fed and, on Wednesday, the minutes of their last monetary meeting.
The Dow Jones index rose by 0.78%, the Nasdaq, with a strong technological coloring, grabbed 0.24% and the S&P 500 gained 0.64%, around 3:15 p.m. GMT.
Exchanges “are on the rise this (Tuesday) morning, but the reason for this positive provision has no specific driver”, underlined Patrick O’Hare, while the markets will be closed for Thanksgiving Thursday, the most important holiday popular in the United States.
Same story among Schwab analysts who saw “no big directional driver amid a holiday-shortened week.”
The day before, Wall Street had ended down in an already anemic market: the Dow Jones had lost 0.13%, the Nasdaq index had lost 1.09% and the broader S&P 500 index had fallen by 0.39%.
Several members of the US central bank on Monday sent mixed signals.
Cleveland Fed Chair Loretta Mester said there was “still work” to bring inflation down to 2%, but she appears to be in favor of slowing the pace of overnight interest rate hikes. day.
Raphael Bostic, the president of the Atlanta Fed, also said he was in favor of a slowdown in the turns of the screw. As for Susan Collins of the Boston Fed, she reiterated that an increase of 75 basis points was still possible, following already four consecutive increases of this order.
Other Federal Reserve officials are scheduled to speak on Tuesday, including Esther George of Kansas City and James Bullard of the St. Louis Fed.
The macro calendar was empty on Tuesday, but was expected to fill the next day with durable goods orders, new home sales, consumer confidence and especially the “minutes” of the last Fed meeting.
Some positive surprises appeared in the results of companies with the sign of distribution of electronic products Best Buy (+9.70%).
The group posted profits that beat analysts’ forecasts in the third quarter, although its sales fell further. Best Buy management also expressed optimism for year-end sales.
The chain of discount items Dollar Tree, on the other hand, fell by more than 9%, despite also performing better than expected.
The title of video communication specialist Zoom plunged 7.75% to 74 dollars, while the company revised its revenue forecast slightly downward despite a better than expected quarterly result.
The microcomputer manufacturer Dell was hailed (+3.99%) following solid results in the third quarter.
On the bond market, the rates on ten-year Treasury bills eased very slightly to 3.78% once morest 3.82%.
© 2022 AFP
