(New York) The New York Stock Exchange ended slightly lower on Monday, in a market which is running out of steam after several weeks of gains, but refuses to bend, which encourages investors to be optimistic.
The Dow Jones lost 0.16%, the NASDAQ index lost 0.07% and the broader S index
The Toronto Stock Exchange closed moderately lower, like the American markets, as investors remained cautious about the economy.
The composite index S
On the currency market, the Canadian dollar traded at an average rate of 73.34 US cents, down from 73.41 US cents on Friday.
On the New York Mercantile Exchange, crude oil prices fell 68 US cents to US$74.86 per barrel, while natural gas prices fell 5 US cents to US$2.95 per million barrels. BTUs.
Gold prices rose US$9.40 to US$2,012.40 an ounce and copper prices fell US$3 cents to US$3.80 a pound.
“The market has been going up for four weeks and today it looked tired,” commented Patrick O’Hare of Briefing.com. “There wasn’t a lot of conviction. »
“That’s not necessarily a bad thing,” he tempered, “because there wasn’t a lot of conviction in the sale either. »
“The longer the market maintains this resilient posture,” he says, “the more people become convinced that there may still be room for upside and that provides support. »
The torpor of the New York market was also explained by the fact that certain operators were still absent after a long Thanksgiving holiday weekend in the United States.
In addition, no important news, whether on the macro or microeconomic level, came to liven up the session.
Announced as a milestone, the debt issue carried out by the US Treasury at midday did not provoke a marked reaction.
Although investor appetite for this operation was less than during the last auctions, the government nonetheless succeeded in placing $109 billion in Treasury bills at rates much lower than those granted during the last issue on these maturities (5 and 7 years), in October.
A sign of some strength in the bond market, the yield on 10-year US government bonds stood at 4.39%, compared to 4.46%. Bond rates move in the opposite direction to their prices.
Wall Street is awaiting new data relating to Black Friday, peak consumption in the United States which followed the Thanksgiving holiday on Friday.
Online purchases on Friday reached a record $9.8 billion, up 7.5% from 2022, according to software company Adobe.
E-commerce platform Shopify was sought after (4.89%) after announcing that some $4.1 billion worth of items were sold by the site’s professional users on Friday, an increase of 22% year-on-year. .
Another stock in good shape, the deferred payment specialist Affirm (11.97%), which rode on early indications of a strong use of installment payments during “Black Friday”.
The retail sector extended the Thanksgiving streak with “Cyber Monday”, a day of online promotions, on Monday, during which Adobe anticipates a turnover of between 12 and 12.4 billion dollars.
Amazon thus gained momentum (0.67%), while the annual AWS re:Invent conference was taking place in Las Vegas, during which new products relating to its remote computing subsidiary were presented ( cloud) Amazon Web Services (AWS).
The days go by and look the same for Argentinian stocks listed on Wall Street, which have been prancing around since the election of ultraliberal candidate Javier Milei.
The operator Telecom Argentina (11.63%), the airport manager CAAP (11.51%) and the financier Banco Macro (9.18%) thus had another good day.
The sporting goods brand Foot Locker (-0.90%) received the lowering of recommendation from Citigroup analysts, who see the company suffering from a deterioration in the economy and excessively high inventories.
