(New York) The New York Stock Exchange ended higher on Monday, offering a small technical rebound after a difficult week, in the absence of company news or major indicators.
The Dow Jones gained 0.13%, the NASDAQ index gained 0.45% and the broader S index
The session started in the red, driven by a new surge in bond rates.
The yield on 10-year US government bonds rose to 4.54%, a first in almost 16 years, compared to 4.43% at Friday’s close.
Although they favor the hypothesis of a monetary status quo until the end of the year, operators have not ruled out the idea of a final rate increase, a scenario to which they grant a probability of ‘about 40%.
For Peter Cardillo of Spartan Capital, the market finally rebounded to a technical threshold of S
The movement benefited semiconductor manufacturers AMD (1.23%) and Qualcomm (2.55%), who were battered last week. The latter had lost nearly 10% since mid-September.
Another winner of the day, the microprocessor designer Arm (6.08%), introduced to the Stock Exchange in mid-September, which remained for six negative sessions in a row.
Wall Street ignored two poor US indicators, which showed a slowdown in activity in the Chicago (in August) and Dallas (in September) regions.
Investors are already focused on the publication later this week of major data, in particular, on Thursday, the PCE consumer price index, the most followed by the American central bank (Fed).
On the stock market, Amazon was praised (1.67%), after unveiling a major investment in the so-called generative artificial intelligence (AI) start-up Anthropic.
According to the Wall Street Journal, the Seattle group will immediately inject $1.25 billion and could increase its stake to $4 billion depending on certain criteria.
Netflix (1.31%) and Paramount Global (0.16%) benefited from the agreement in principle between the Hollywood screenwriters’ union and the studios, which should end a strike that began almost five months ago . Disney (-0.30%) and Warner Bros. Discovery (-3.96%), on the other hand, finished in the red.
HP was sanctioned (-1.76%) after Berkshire Hathaway, Warren Buffett’s holding company, sold 4.8 million shares of the computer maker last week, according to a document published Friday by the regulator stock exchange, the SEC.
Boeing (-0.54%) benefited from the order placed by Air Canada, which purchased 18 787-10 Dreamliner aircraft, the first of which are to be delivered at the end of 2025. At list price, the order represents approximately six billions of dollars.
The pharmacy chain Rite Aid plunged (-33.89%) after the Wall Street Journal reported discussions between the group and its creditors with a view to filing for bankruptcy. According to the daily, the Philadelphia company has proposed closing 400 to 500 branches as part of a backup plan.
The strength of energy sector stocks allowed the flagship index of the Toronto Stock Exchange to close higher on Monday, while the major American indices also recorded gains.
The composite index S
In New York, the Dow Jones industrial average rose 43.04 points to 34,006.88 points, while the broader S
In the currency market, the Canadian dollar traded at an average rate of 74.23 US cents, down from 74.27 US cents on Friday.
On the New York Mercantile Exchange, crude oil fell 35 US cents to US$89.68 per barrel and natural gas rose 3 US cents to US$2.91 per million BTU.
The price of gold fell US$9.00 to US$1,936.60 per ounce and copper lost 3 US cents to US$3.67 per pound.
