(New York) The New York Stock Exchange is moving very slightly in the red around balance on Friday, on track, despite everything, to end the week in positive territory for the third time in a row.
The Dow Jones Index and the S
On Thursday, the indices finished mixed after a good first part of the week, boosted by positive news on slowing American inflation.
The Dow Jones had lost 0.13% to 34,945.47 points, the NASDAQ had gained 0.07% to 14,113.67 points and the S
Over the week, indices were on track for a 2% weekly rise.
Bond rates, which eased sharply this week, remained stable around 4.43% for ten-year US Treasury bonds.
“Bond yields arguably peaked in October” when ten-year yields rose above 5% for the first time in 16 years, commented John Canavan of Oxford Economics.
“We expect them to decline over the course of 2024,” he added.
Among today’s indicators, housing construction increased by 1.9% over the month in October, but remains down 4.9% year-on-year.
“This shows that residential construction activity remains slow due to high prices and high financing costs,” commented Patrick O’Hare of Briefing.com.
On the market, the stock of the clothing brand Gap soared by more than 24%. Its sales fell in the third quarter, but less than analysts expected. The chain, which also includes the Old Navy and Banana Republic brands, confirmed its projections for the full year.
The action of the semiconductor group Applied Material fell 4.55% after press reports mentioning an investigation by the US Department of Justice for export violations to China.
The price of ChargePoint, operator of the first independent charger network in the United States which is struggling to compete with Tesla, collapsed 34% to $2.04. The group warned that its quarterly sales were very disappointing.
The securities listed in the United States of the Chinese distribution giant Alibaba continued to decline (-2.73%) after already a significant loss the day before (-9.14%).
The group announced Thursday that it was abandoning its plan to spin off its cloud business (remote computing) due to American restrictions on electronic chip exports.
On the eleven sectors of the S