(New York) The New York Stock Exchange, which started in positive territory, ended divided Friday clouded by geopolitical risks ahead of the weekend that prompted buying in oil and gold.
The tech-heavy NASDAQ fell 1.23% to 13,407.23 points while the Dow Jones gained 0.12% to 33,670.29 points. THE
Ten-year yields on Treasury bills fell again to 4.61% around 4 p.m. instead of 4.69% the day before.
“Markets are expecting a very bad weekend in Israel and Gaza,” said Adam Sarhan of 50 Park Investments. Several thousand Palestinians fled Gaza City on Friday, hoping to find refuge further south after an appeal to civilians launched by Israel, which is preparing for a ground offensive in retaliation for the bloody attack launched by Hamas.
The head of American diplomacy Antony Blinken called on Israel to minimize civilian losses.
The markets like certainty and “we are in a hyper uncertain environment, not only geopolitically but also in terms of company results”, as the quarterly announcement season begins, noted Adam Sarhan.
Oil prices ended with a jump of 5.86% per barrel of West Texas Intermediate (WTI).
Energy stocks have risen sharply, like ExxonMobil (3.22%) and Chevron (1.76%).
“This may be the most dangerous time the world has seen in decades,” said JPMorgan CEO Jamie Dimon as he announced strong results for the largest US bank. , in terms of assets.
JPMorgan Chase ( 1.56%) posted a sharp rise in net profit in the third quarter but said it expects inflation to remain high for some time. The bank posted a profit of $13.15 billion (35%).
The Wells Fargo group (3.10%), the country’s fourth-largest bank, also beat analysts’ forecasts, posting a profit above expectations and raising its annual forecast for income from interest payments.
Citigroup (-0.20%) also announced a solid increase in its turnover at 9% and 2% for its profit in the 3rd quarter compared to last year.
Elsewhere on the stock market, Microsoft (-1.04% to $327.73) announced that it had finalized the acquisition of video game publisher Activision Blizzard which was suspended from a green light from the British competition authority (CMA). ).
Quotation of the title of the publisher of the game Call of Duty had not resumed on Friday on the NASDAQ.
In aeronautics, Boeing fell 3.27% as trade news outlet The Air Current said additional inspections were planned on production of its flagship 737 MAX aircraft, which could further weigh on production rates.
Without progress in automobile wage discussions, manufacturers continue to suffer from strike action. General Motors lost 2.14% and Ford lost 1.50%.
Birkenstock, the German luxury sandal maker, will have ended its first week on Wall Street in the red. The title “BIRK” closed at 36.40 dollars (-3.06%), almost 10 dollars less than its IPO price on Wednesday on the New York Stock Exchange which had seemed too greedy to investors.
The Toronto Stock Exchange’s benchmark index closed lower on Friday as weakness in the technology, battery metals and utilities sectors outweighed gains in the energy group, while majors American indices ended the session in disorganized order.
The composite index S
On the foreign exchange market, the Canadian dollar traded at an average rate of 73.20 US cents, down from 73.22 US cents on Thursday.
