(CercleFinance.com) – Wall Street should open lower on Friday morning following its new records the day before, under the influence of profit-taking and the expected plunge from Nike in the wake of its results.
Half an hour before the opening, ‘futures’ contracts on the major New York indices lost between 0.1% and 0.3%, announcing a start to the session in the red.
The American stock markets are marking time a little after a successful week, at the end of which the indices put an end to two weeks of consolidation to start again sharply upwards.
The Dow Jones and the Nasdaq are at this stage posting weekly gains of around 2.7%, driven by the still reassuring tone of the Federal Reserve.
The hypothesis of three rate cuts in the United States this year was reinforced on Wednesday by the latest statements from the president of the American central bank, Jerome Powell.
But some profit-taking should be favored by the quarterly results of Nike, which disappointed investors with forecasts lower than expectations.
The title was penalized by a drop of more than 5% in pre-stock market quotations.
‘The group is going through a period of transition’, Jefferies analysts react this morning.
‘The pace of innovation is slowing down and the management team itself recognizes the need to accelerate the launch of new products,’ underlines the design office.
‘Many appointments have taken place with the objective of increasing the speed of arrival of products on the market and productivity, but these changes will take time to bear fruit,’ concludes Jefferies.
Symbol of this profit-taking movement, Reddit should open lower on Friday morning after having soared by more than 48% yesterday for its first day of trading.
No indicator is on the agenda for the day.
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