Operators of the New York Stock Exchange (GETTY IMAGES NORTH AMERICA/AFP/SPENCER PLATT)
The New York Stock Exchange is moving up after the opening on Thursday, its rebound being driven in particular by the reaction of investors to the announcements of results and restructuring of Disney.
The Dow Jones index gained 0.78%, the technology-dominated Nasdaq climbed 1.18% and the S&P 500 0.79% around 3:20 p.m. GMT.
The day before, the Wall Street indices had concluded in the red, upset by new statements from members of the American central bank, the Fed, in favor of maintaining high rates in the medium term.
The Dow Jones had lost 0.61% to 34,208 points, the Nasdaq index had lost 1.68% to 12,703 points and the broader S&P 500 index had dropped 1.11% to 4,162.75 points.
The Disney action, a member of the Dow Jones, gained 2.86% despite the announcement of a reduction in the number of its subscribers to Disney + (-2.4 million), a first since the launch of the streaming service.
In addition, the group’s new management announced the dismissal of 7,000 people and a plan to cut expenses.
A slight easing in 10-year bond yields to 3.58% from 3.60% the previous day, reacting to rising weekly jobless claims, also helped equities.
For the first time in a month and a half, jobless claims increased to 196,000 (+13,000), while still remaining at historically low levels.
“Certain sectors are beginning to feel the impact of higher interest rates and a slowdown in consumption, namely technology and logistics firms,” commented Matthew Martin of Oxfordeconomics.
While a race for artificial intelligence equipment is raging between the big names of the internet, Microsoft, which has just presented a new version of its Bing search engine animated by the chatbot ChatGPT, saw its title of the giant climb by 1.56%.
At 270.90 dollars per share, Microsoft’s capitalization rose above 2,000 billion dollars, approaching that of Apple (2,400 billion).
Microsoft’s initiative “could usher in real competition for Google, which has had a virtual monopoly on the search market for years,” commented Art Hogan of B. Riley Wealth Management. Alphabet, the parent company of Google, lost 3.14%.
© 2023 AFP
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