(CercleFinance.com) – A bit of agitation in Europe, stock market indices which have been at a standstill since the end of March (a triple-top is emerging) and which is perhaps looking for a reason to consolidate… it is not It didn’t take much to attract some flows to the New York Stock Exchange.
The trend remained hesitant for a long time (the scores were still close to zero around 8:30 p.m.) but buyers took control, without much determination (caution 48 hours after J. Powell’s press conference and new inflation figures) …but it was enough to set new records for the S&P 500 and the Nasdaq.
No record for the Dow Jones index (+0.18% to 38,868). The Nasdaq, on the other hand, gained +0.35% to 17,192 and narrowly erased the two previous declines.
Same record ‘for the symbol’ of the S&P-500 (+0.25% to 5,360) and the Nasdaq-100 (+0.4% to 39,074).
The S&P500 was supported by the +3% surge in the ‘WTI’ (West Texas Intermediate) and the Nasdaq by the ‘Gafam’ with notably Meta (+2%), Amazon (+1.5%) and Microsoft ( +1%).
One stock is missing: Apple (-1.9%) which did not benefit from the announcement of the launch of Apple Intelligence (optimization of iPhones, iPads and Mac Books using generative AI) in partnership with OpenAI (Sam Altman was present during the event).
Little suspense over the maintenance of rates by the Federal Reserve on Wednesday but it must publish new forecasts relating to inflation which may not please Wall Street.
The consensus on a rate cut in September fell from 71% to 47% on Friday after the publication of the NFP, rates continued to tighten slightly, by +3Pts towards 4.46%.
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