A New York Stock Exchange trader (GETTY IMAGES NORTH AMERICA / AFP / SPENCER PLATT)
The New York Stock Exchange opened higher on Thursday, still trending well after two sessions in the green and stimulated by a wave of rather positive indicators.
Around 3:20 p.m. GMT, the Dow Jones gained 0.58%, the Nasdaq index, 0.35%, and the extended S&P 500 index, 0.53%.
“There is a happy atmosphere on Wall Street on Christmas Eve,” said Patrick O’Hare of Briefing.com in a note. Some people believe there will be a final acceleration by December 31, a traditionally good period for the equity markets.
The wave of macroeconomic indicators published before the stock market has rather fueled the ambient optimism, according to Peter Cardillo, of Spartan Capital.
Durable goods orders rose 2.5% in November, better than the 1.8% expected, while household spending rose 0.6%, as expected.
Shadow in the table, the PCE price index was up 5.7% over one year, the fastest pace since 1982. Over one month, inflation slowed slightly, to 0.6% against 0 , 7% in October.
“It remains high, but it is not a figure that could change the general perception of inflation,” said Peter Cardillo.
In addition to macroeconomic indicators, the New York market was pulled by “a certain ebb in fears linked to the Omicron variant” of the coronavirus, according to the analyst.
According to initial studies from South Africa, Scotland and England in recent days, Omicron appears to result in fewer hospitalizations than Delta.
Sign of a certain easing, bonds were shunned by investors, in favor of equities. The benchmark rate for 10-year US government bonds was close to 1.50%, against 1.45% the day before. Bond prices and their rates move in opposite directions.
Figures from the US Transportation Safety Agency (TSA) show that the country’s airports recorded the passage of 1.98 million passengers on Tuesday, the same level as two years ago on the same date , before the health crisis.
At the party for a week after a difficult year, American Airlines gleaned 0.15% Thursday, to 18.29 dollars, while Delta Air Lines took 0.45%, to 39.31 dollars.
Boeing rose (+ 1.09% to 203.88 dollars) after the publication on Wednesday by the American civil aviation regulator (FAA) of proposals to modify certain 777 models, grounded since a flight incident in February .
The only American company to use devices of this model, United (+ 0.88% to 44.96 dollars) said Wednesday that it was counting on a return to service “early 2022”.
The Chinese online commerce platform JD.com unscrewed (-9.64% to 66.64 dollars), shaken by the next distribution of 460 million titles of the group by the conglomerate Tencent.
The latter will thus transfer to its shareholders most of its stake, which will go from 17% to 2.3% of the capital of JD.com. The online commerce group Pinduoduo, of which Tencent is also a shareholder, followed suit (-3.83% to 56.20 dollars).
Plastic clog maker Crocs slipped (-14.77% to $ 119.13) after announcing the acquisition of multi-purpose shoe brand Hey Dude for $ 2.5 billion.
The sudden decline in the share is explained, in part, by the fact that Crocs will issue $ 450 million in new shares to finance part of this acquisition.
The video services group SeaChange International advanced (+ 7.14%, to 2.10 dollars) the day after the announcement of its merger with the video platform Triller, which is positioned as a competitor of TikTok.
After the merger, the whole will be valued at around $ 5 billion, the two companies said on Wednesday.
The vehicle rental company Hertz gained 5.16% to 24.10 dollars after a decision of a Delaware judge unfavorable to certain bond creditors and relating to the bankruptcy of the group.
Hertz filed for bankruptcy protection in May 2020, as the pandemic was in full swing. He came out last June.
© 2021 AFP
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