(New York) The New York Stock Exchange indices, which opened divided on Tuesday, a busy day for corporate results, slipped slightly into the red during the session.
By 10:40 a.m. EST, the Dow Jones Index was down 0.49%, the NASDAQ was down 0.16%, and the broader S
The day before Wall Street had concluded a hesitant session with weak exchanges slightly higher.
The Dow Jones Index gained 0.30% to 33,987.18 points, the tech-heavy NASDAQ rose 0.28% to 12,157.72 points and the S
On Tuesday, investors reacted to new bank results. Bank of America was down 1.23% despite better-than-expected results.
The second-largest bank in the United States by asset size saw its revenue jump 13% in the first quarter, boosted by a 25% rise in net interest income. On the other hand, the amount of deposits fell by 8% compared to a year ago.
Goldman Sachs, affected by the decline in the results of its investment bankers and its brokers in the first quarter, announced a drop in its turnover (-5%) as well as in its profits (-19%) . The investment bank’s stock fell 2.22% at 10:40 a.m. EST).
Johnson Pharmaceuticals
The group which has just announced an $8.9 billion agreement to settle thousands of complaints linked to the sale of its talc accused of having caused cancer has set aside $6.9 billion in litigation costs . The stock was down 2.25%.
After the market closes, investors will watch the financial results of Netflix, whose stock was stable (-0.11% around 10 a.m. ET) and those of the airline company United Airlines (0.50%).
Elsewhere on the stock exchange, Tesla, which is due to announce its results on Wednesday, lost 1.29% to 184.56 dollars on the NASDAQ.
The Moderna laboratory, whose title collapsed 8.4% on Monday after mixed preliminary results for its messenger RNA vaccine under development with Merck against recurrences of skin cancers, continued to lose 1.54% .
Finally, Southwest Airlines was down almost 3% at 10:45 a.m. (Eastern time) after asking the FAA air authority for permission to suspend takeoffs, without yet publicly giving further explanation. .
On the macroeconomic level, a real estate index also cooled investors with a drop in housing starts of 0.8% in March and 17.2% over one year. Worse for the future of the market, building permit filings fell 8.8% over the month.
Before the opening, the indices had been supported in the green by a stronger than expected increase in Chinese GDP growth to 4.5% year on year.
The end-of-year holidays have just ended and it is nice to benefit from an influx…
At the start of 2024, the temperatures on the thermometer are enough to make us…
France is coming out of a week of extreme cold, with temperatures which, locally, reached…
When loss of autonomy comes knocking at the door of elderly people, staying at home…
More and more individuals, but also retirees, are choosing to go into exile in Portugal…
CSG, CRDS, Casa… Social security contributions are numerous and can sometimes significantly impact the amount…