(CercleFinance.com) – Wall Street ends without direction, with the S&P500 up 0.11% while the Dow Jones falls by the same amount.
The Nasdaq’100, which had reversed course upwards, going from -0.25% to approximately +0.5% mid-session, lost all its advantage between 9:10 p.m. and 9:15 p.m. before gaining 0.2% in the end. , at 18,160.
The session was marked by the – expected – fall of Intel (-8.2%) following the publication of a loss of $7.1 billion in its ‘foundry’ division (the one which on the contrary makes the fortune of ‘ASML or TSCMC… which did not suffer damage during last night’s 7.5 magnitude earthquake in Taiwan).
Note that Micron climbed +4.3%, AMD gained 1.2%.
Little movement on the bond side: US T-Bonds are tending to the margin of +1Pts towards 4.36% (after a ‘peak’ at 4.43% around 3:30 p.m.)… which however corresponds to the worst closing mark observed since 11/27/2023.
On the figures side, the S&P Global composite PMI index stands at 52.1 in final data, compared to 52.2 in ‘flash’ estimation and after 52.5 in February
S&P Global specifies that while manufacturing production increased at its fastest pace in almost two years, growth in services activity weakened with the PMI falling from 52.3 to 51.7 d. ‘one month to the next.
We will have to closely monitor the impact of the rise in oil which peaked at $86.2 before ending around $85.6 on the NYMEX, its highest score since 10/25/2023.
Gold follows the movement with a test of $2,300/Oz (absolute record), silver ends at the highest level in 2 years, at $27 (best close since March 8, 2022).
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