(CercleFinance.com) – After a stable opening or almost, Wall Street opts for an uptrend Wednesday, supported by the publication of encouraging indicators which obscure a more worrying health situation.
At the end of the morning, the Dow Jones thus advanced 0.5% to 35,671 points, while the Nasdaq Composite rose 0.8% to 15,476.6 points.
The announcement, before the opening, of an upward revision of US growth in the third quarter particularly supports the rating.
The growth in activity over the period from July to September was revised upwards to + 2.3%, according to the third estimate of the Commerce Department, which had previously estimated it at 2.1%.
Another good news is that American consumer confidence improved markedly in December, according to the index compiled by the Conference Board.
Despite inflation and Omicron, the index published by the employers’ organization stood at 115.8 this month, against 111.9 the previous month, while economists expected it to drop slightly to around 111.5 .
Remained on the reserve in recent days, investors have relied on these good figures to go back to buying, focusing in particular on values linked to consumption.
The markets also seem to have appreciated the release of a Bloomberg report claiming that 80% of people infected with Omicron are asymptomatic, that few feel ‘sick’ and that emergency room admissions remain rare.
After the correction of the day before, the day remains for consolidation on the bond market, where the US 10-year rate, a real benchmark in this area, fell by two more basis points to 1.4650%.
Little movement also on NYMEX, where US light crude (WTI) rose 0.7% to $ 71.7 after the publication of weekly lower oil inventories.
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