(CercleFinance.com) – Wall Street closed in the green on Friday, its main indices having posted symbolic gains: +0.22% on the Dow Jones, +0.14% on the S&P500 and +0.09% on the Nasdaq Composite… but the week was a loss of -1.2% for the ‘S&P’ and -1.9% for the ‘techno’ (led by Apple).
Volatility was largely absent from this session: in the absence of major macroeconomic data, investors rushed through current affairs and the mid-session decline was caught up between 9:55 p.m. and 10:00 p.m., without any opposition since most of the managers were already in Week-end.
Nothing to report on the equities side and flat calm on the bonds side: the week ended with a millimetric improvement on US T-Bonds with -0.6 basis points at 4.2580%… but the week remained negative ( tension of +8 basis points).
It was therefore oil again which ‘made the news’ with a barrel of ‘WTI’ which rose by +1.2% and was close to $88 (annual record at $87.95 at 6:15 p.m.), leading in its wake to a sharp increase in ExxonMobil +1.5%, Marathon +2.9% and Anadarko +4.2%.
Data from the US Energy Information Administration (EIA) published on Thursday showed a further decline in crude oil stocks in the United States, towards a historic low of 340 million barrels (or 400 million below the ‘optimal’ level). The United States will soon have to replenish its strategic reserves, whatever the cost.
On the statistics front, investors discovered at 4:00 p.m. the stocks of American wholesalers, a secondary data which came out at -0.2% (compared to -0.1% estimated), the destocking movement thus penalizing the sector of the ‘industry.
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