PARIS (Reuters) – The New York Stock Exchange opened higher on Friday and regained some of the ground lost in the previous two sessions, as investors clearly digested the latest statements from Federal Reserve officials on a further rate hike. of interest.
A few minutes after the start of trading, the Dow Jones index gained 180.48 points, or 0.54%, to 33,726.8, the Standard & Poor’s 500 0.65% to 3,972.05 and the Nasdaq Composite 0.63 % at 11,215.16.
The latter has lost nearly 1.9% over the last two sessions and the S&P-500 1.13%, the words of several Fed officials, and in particular those of James Bullard, the president of that of St Louis, s combined with better-than-expected retail sales figures to reignite the debate over the magnitude of the next rate hikes.
The markets are still favoring the hypothesis of a rise of half a point in December and sees the “fed funds” rate peaking just above 5% in May.
In the immediate term, and pending the minutes of the November monetary meeting scheduled for next Wednesday, investors will study at 15:00 GMT the monthly figures for home resales, which will give them indications of the impact of the rising cost credit.
In the news of listed companies, Gap jumped 8.06% the day after the publication of its quarterly results, which exceeded expectations.
On the technology side, Applied Materials, a specialist in equipment for the semiconductor sector, rose 1.64% after a sales forecast above consensus, thanks to improved supply chains.
On the decline, oil companies are suffering from the marked decline in oil prices (-5.25% for American light crude (West Texas Intermediate, WTI)): Chevron loses 2.06% and Exxon Mobil 2.43%.
(Written by Marc Angrand, edited by Blandine Hénault)