(CercleFinance.com) – The New York Stock Exchange should open in scattered order on Friday morning, torn between the solid results posted by the oil companies and the unwelcome forecasts of the giant Amazon.
Half an hour before the opening, the futures contract on the Dow Jones index advanced by 0.1%, while that on the Nasdaq 100 fell back by 0.8%, announcing an uncertain start to the session.
The ‘futures’ reduced their gains, even erased them for the Dow, following the announcement in the early morning of a weaker than expected increase in a preferred measure of inflation.
Consumer prices within the meaning of the personal consumption expenditure (PCE) price index increased by 6.2% on an annual basis, where the consensus was expecting 6.3%.
This weaker than expected figure reinforces the scenario of a less aggressive approach on the part of the Fed, which weighs on the dollar as the yield on the 10-year US bond climbs a little towards 4.05%.
In business news, Amazon is expected to fall 13% after reporting worse-than-expected forecasts for the fourth quarter, a period deemed essential due to the holiday season.
The decline of the e-commerce giant should weigh heavily on the Nasdaq, already hurt in recent days by the disappointments linked in turn to Alphabet, Microsoft and Meta.
A rare reason for satisfaction in the depressed world of tech, Apple rose 0.4% in pre-market quotations after better-than-expected results due to the good resistance of iPhone sales.
Oil producers Chevron and ExxonMobil gained 1.8% and 2% respectively in pre-opening after announcing a rise in their quarterly profit on the back of higher prices.
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