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resim 210

(New York) The New York Stock Exchange was trading mixed, after starting in the red on Tuesday, with investors wondering whether to extend the pause started on Monday after an excellent month of November and before new US economic data.

The Dow Jones index fell by 0.24%, the technology-dominated NASDAQ advanced by 0.39% after opting for positive territory, the S

On Monday, the technology sector weighed down the indices, sending the NASDAQ down 0.84% ​​to 14,185.49 points. The Dow Jones fell 0.11% to 36,204.44 points having risen above 36,000 points on Friday for the first time since January 2022.

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“There is a sense of heaviness in the air, with market participants wondering whether stocks can continue to rise as they have,” noted Patrick O’Hare of Briefing.com.

For Will Compernolle of FHN Financial, we will have to wait for the official data on employment in November which are published on Friday to know if the gloomy trend at the start of the week will continue.

Furthermore, “the announcement that Moody’s downgraded China’s credit outlook from stable to negative also tempered some of the buying interest this morning,” admitted Patrick O’Hare.

Indicator-wise, job vacancies fell sharply to 8.7 million in October from 9.4 million in September (revised figure), the lowest in more than two years, showing that the Fed’s monetary policy is cooling the market employment.

In the services sector, on the other hand, activity continued to grow in November at 52.7%, better than expected, and at a stronger pace than the previous month (51.8%), according to the ISM index published shortly after the opening that helped turn around the NASDAQ.

On the stock market, technology mega-caps were moving again, in the green after their losses the day before, such as Amazon (1.84% around 10:20 a.m. Eastern time), Alphabet (1%), Apple (2.16%).

Shares of drugstore and pharmacy chain CVS gained 2.85% after revising its sales upwards for 2024 to $366 billion. The brand also increased its quarterly dividend by 10%.

The action of American video game developer and publisher Take-Two Interactive lost 1.92%.

Its Rockstar Games studios posted online on Monday a first trailer for the next installment of “Grand Theft Auto” (GTA), which is scheduled for release in 2025.

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Wells Fargo Bank (-0.75%) said its employee severance costs would increase to nearly $1 billion in the fourth quarter.