(New York) The New York Stock Exchange moved slightly higher on Friday shortly after the opening, attempting a timid rebound after three sessions of decline, in the absence of major macroeconomic news in the United States, before a busier week .
By 10 a.m. EST, the Dow Jones was up 0.05%, the NASDAQ index was up 0.36%, and the broader S index
“It’s a day without much news,” commented Edward Moya of Oanda, for whom the market “continues to digest the developments in China,” which again published a series of bad indicators this week.
On the American side, “the debate on the trajectory of the economy is not yet settled”, he continued. “We should have good indications next week,” with the CPI price index (Wednesday), expected to rise, and retail sales (Thursday).
The bond market was also looking to move forward, but without any more conviction. The yield on 10-year US government bonds, which moves in the opposite direction to their price, was 4.20%, compared to 4.24% the day before closing.
On the market, Apple recovered a little (1.18%) after two bad sessions, linked to press information according to which the Chinese authorities had banned employees of government agencies from using iPhones for professional use or even for bring their devices to their place of work.
Armorer Smith
Supported by the escalation in the price of black gold, oil companies were sought after, like ExxonMobil (1.25%), at its highest in more than four months, ConocoPhillips (1.53%) , or the oil services company Halliburton (1.25%).
The games and sports betting platform DraftKings advanced (2.25%), the day after the start of the NFL American football league season, a highlight for bettors in the United States.
The subscription clothing rental platform Rent the Runway collapsed (-32.36%) after publishing results showing a decline in its portfolio of active users (-5% over a quarter), even if the group reduced costs and losses.
The professional software publisher Adobe progressed (0.58%) after a favorable note from a Mizuho analyst, for whom the group’s ability to integrate so-called generative artificial intelligence (capable of creating content on demand) into its products in everyday language) positions it favorably.
Boeing remained poorly oriented (-2.04%) after statements from the group’s financial director on Thursday indicating a slowdown in 737 deliveries due to a technical problem.
