The floor of the New York Stock Exchange (GETTY IMAGES NORTH AMERICA/AFP/Jemal Countess)
The New York Stock Exchange oscillates around balance on Monday, remaining cautious at the start of a busy week between corporate results and the monetary meeting of the American central bank.
Around 3:30 p.m. GMT, the Dow Jones index stagnated (-0.02%) as did the S&P 500 (-0.01%) while the predominantly technological Nasdaq advanced 0.13%.
On Friday, the Dow Jones gained 0.16% to 38,109.43 points, the Nasdaq lost 0.36% to 15,455.36 points and the S&P 500 stagnated (-0.07%) at 4,890.97 points.
Over the week, however, the indices remained positive, gaining 1.1% for the S&P 500, 0.9% for the Nasdaq and 0.7% for the Dow Jones.
“A busy week of results and the Federal Reserve (Fed) meeting on Tuesday and Wednesday will dominate the action,” recalled Art Hogan of B. Riley Wealth Managements, also listing the heavyweights in the technology sector who must announce results.
Among them Alphabet (-0.33%), Microsoft (+0.57%), AMD (-0.38%) are scheduled for Tuesday and Amazon (+0.19%), Apple (-0.83%) and Meta (+1.45%) are expected on Thursday.
Boeing (-0.52%) also publishes its results on Wednesday as the aircraft manufacturer goes through a turbulent period.
“It is widely expected that the Fed will keep interest rates stable and only slightly modify its press release,” said Art Hogan. On Wednesday, “Jerome Powell’s press conference will be closely monitored to discern any hawkish or accommodating inclination,” added the analyst.
On the bond market, yields on ten-year Treasury bills fell to 4.11%.
On the market, iRobot collapsed by more than 11% to 15 dollars after Amazon announced that it was abandoning the acquisition of the manufacturer of intelligent vacuum cleaners, while the European Commission opened an investigation to assess the impact of this acquisition on competition.
Amazon remained stable (+0.19%).
The shares of JetBlue (-0.32%) and Spirit (+0.24%) continued their ups and downs in the wake of the merger project blocked by a judge in the name of respect for competition.
The personal finance platform Sofi Technologies was sought after (+21.20% to $9.25) after posting a quarterly profit for the first time thanks to growth in its lending activity.
The company also saw its deposits increase six-fold to $18.6 billion in the quarter. The company forecasts earnings per share of between 7 and 8 cents for 2024, when analysts were betting on 5 cents.
In finance, Affirm, the deferred payment specialist, rose by almost 6%.
Of the eleven S&P sectors, seven were slightly higher. The energy sector was lagging while crude oil prices were in the red. Chevron lost 1%, Exxon Mobil 0.42%.
© 2024 AFP
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