(New York) The New York Stock Exchange was mixed on Thursday, after two sessions of losses as the tension on bond rates continues.
The Dow Jones Index was up 0.26%, the tech-heavy NASDAQ was down 0.17% and the broader S
The day before, Wall Street had finished lower, after the publication of a report of the last meeting of the American central bank (Fed) that investors continue to digest as it put on the table the possibility of increases interest rates by the end of the year.
In response, rates on ten-year U.S. Treasuries rose to 4.29%, a new high since 2008.
In Toronto, strength in energy and base metals stocks helped the main Canadian stock index rise late Thursday morning, while U.S. stock markets fell slightly.
The composite index S
On Wednesday, the Dow Jones index fell 0.52% to 34,765.74 points, the NASDAQ lost 1.15% to 13,474.63 points and the S
“There’s nothing on the agenda to change the big picture until Fed Chairman Jerome Powell appears at the Jackson Hole central bankers’ meeting late next week.” , judged Will Compernolle of FHN Financial.
“From here to Jackson Hole, markets will be watching China for any other headline-worthy issues,” the analyst said. In China, the setbacks of the promoter Country Garden raise fears of repercussions for the country’s financial system.
Among the indicators, the manufacturing activity index of Philadelphia, a highly industrialized region of the United States, experienced its first increase in almost a year in August. Sign however that the optimist is not totally there among the industrialists of Philadelphia, the index concerning the future activity is in sharp decline.
As for weekly unemployment benefit claims, they fell a little contrary to forecasts to settle at 239,000 (-11,000). “The risks are tilted in favor of another (Fed) rate hike if the labor market does not ease further,” reacted Nancy Vanden Houten of Oxford Economics, following the idea that a labor market Tense employment promotes wage increases, and therefore inflation.
On the stock market, Walmart (0.01%), a member of the Dow Jones, stagnated despite good results.
The hypermarket chain has revised its forecast for its staggered 2024 financial year upwards in view of the performance achieved in the second quarter, during which its sales increased by 5.7% over one year. The group generated a record net profit of 7.90 billion dollars (53.3% over one year) on a turnover of 161.63 billion.
Telecommunications systems giant Cisco jumped 4.77% after announcing better-than-expected fourth quarter results and citing an increase in its market share in equipment related to artificial intelligence.
Electric utility Hawaiian Electric plunged 15% after reports from The Wall Street Journal that the group was in talks with a consulting firm specializing in restructuring as it faces financial and legal challenges after the fires murderers on Maui Island.