PARIS (Reuters) – The New York Stock Exchange opened without much change on Friday for trading which will be shortened the day after the Thanksgiving holiday.
In early trading, the Dow Jones index gained 59.32 points, or 0.17%, to 35,332.35 points and the broader Standard & Poor’s 500 rose 0.04% to 4,558.66 points.
The Nasdaq Composite gains 0.01%, or 0.74 points, to 14,266.604.
Today’s session in New York will close at 6:00 p.m. GMT while the American markets were closed on Thursday.
The distribution (+0.2%) and so-called essential (+0.17%) and non-essential (+0.22%) consumption segments are in sight, this Friday marking “Black Friday”, promotional period kicking off the end-of-year holidays.
Best Buy, Macy’s, Walmart and Nordstrom advance by 0.57% to 2.07%, while according to a study, Americans plan to spend an average of 875 dollars (801 euros) on purchases over the holiday period.
“Companies like Walmart and Best Buy have reported an environment where demand is weakening, potentially suggesting a disappointing fourth quarter,” notes Joshua Mahoney, chief market analyst at Scope Markets.
“Nevertheless, as consumption habits have remained strong throughout this year, there is a good chance that consumers will take advantage of sales where possible to try to maintain their standard of living,” he added. .
In other values, Nvidia fell 0.30%, the group having informed its Chinese customers of the postponement of the launch to the first quarter of 2024 of its H20 chip, designed to comply with export rules dictated by Washington, according to sources.
Autonomous vacuum cleaner maker iRobot soars 32.03% as three sources told Reuters that Amazon (+0.21%) was close to getting the green light from the European Commission for the acquisition of the group.
(Written by Claude Chendjou, edited by Blandine Hénault)
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