(CercleFinance.com) – The New York Stock Exchange moved little on Friday for the last session of 2023, affected by some weak profit-taking after the solid performance recorded over the entire year.
At the end of the morning, the Dow Jones was almost unchanged at 37,718.6 points, while the Nasdaq Composite lost 0.2% to 15,066.9 points.
This shortened week – the American markets were closed on Monday for Christmas – saw the three indices stagnate in insignificant volumes of activity, which does not prevent them from lining up a ninth consecutive week of increase at this stage.
Above all, the limited variations of the day contrast in a singular way with the spectacular scores signed this year.
Over the whole of 2023, the Dow Jones is currently showing a gain of almost 14%, the S&P 500 is gaining more than 24% and the Nasdaq is soaring by around 44%.
At the sector level, eight of the eleven sub-indexes of the S&P 500 have progressed this year, with the best performance unsurprisingly coming from the technology sector (+57%).
Another growing sector is that of communications (+55%), which benefited from the good health of ‘tech’, while the non-essential consumption sector grew by 42% thanks to the resilience of the economy.
Conversely, the collective services, energy and basic consumption sectors finished at the bottom of the pack, with declines ranging from 2% to 10%.
On the bond side, the year ends with a clear consolidation since the yield on ten-year Treasuries rises to around 3.89%, marking a reversal of polarity after its relaxation in recent weeks.
On the foreign exchange market, the dollar is regaining some color but its surge remains modest and the breakout of multiple supports this week is not invalidated.
At 1.1060, the euro is currently stable against the greenback, against which it has gained a little more than 3% over the whole year.
Oil halts its relapse with ‘WTI’ rising above $72, but losing 10% this year.
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