(CercleFinance.com) – Balance prevails on Wall Street with the US indices closing within narrow limits: the main thing is that the weekly gains (+1.9% for the S&P500 which gains 0.08 % this Friday, at 4,783) compensate for the losses of the 1st week and that the annual balance sheet returns to the green.
Note that the ‘S&P’ returned for the first time intraday to the 4,800 mark since January 4, 2020.
The Dow Jones index lost 0.3% to 37,593, the Nasdaq ended extremely positive by a symbolic 0.02% to 14,972
The suspense lasted until the last second because the Wall Street indices made a foray into the green at the start of the session before falling significantly again at midday, apparently following the publication of the producer prices (PPI) in the United States then to contrasting results from the banking giants which opened the ball with quarterly publications.
If JPMorgan (-0.7%) was able to reassure investors with solid accounts in the fourth quarter, despite a -15% drop in profit, Citigroup suffered a loss of $1.8 billion due to heavy charges and Wells Fargo (-2.3%) saw its provisions for doubtful debts climb, Bank of America (-1.05%) suffered a -56% fall in profit, weighed down by exceptional charges and a reduction in deposits .
Tension in the Middle East rose again overnight, as the United States and the United Kingdom carried out strikes against the installations of the Houthi rebels in Yemen.
This causes tension on oil prices, WTI posted a gain of 2.3% to $75 before falling back towards $72.4 (unchanged).
Gold is rising (+1%) towards its historic highs with a closing at $2,052, 1% from the resistance at $2,080.
On the economy side, the Labor Department announced that producer prices fell by 0.1% in raw data in December, but increased by 0.2% excluding food, energy and commercial services.
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