(CercleFinance.com) – Wall Street ended Friday’s session in disorganized order, with the Dow Jones down 0.47% to 33,507 points and the S&P500 down 0.27% to 4,288 points, but the Nasdaq Composite up slightly by 0.14% to 13,219 points.
The session suffered from the threat of a ‘shutdown’ – finally averted by a last minute agreement in Congress – as well as the automobile strike which, combined with high oil prices, raised fears of a resumption of the spiral inflationary.
In this context, the initial gains in equity indices did not hold despite an easing of bond rates driven by underlying ‘PCE’ inflation at 3.9% in August, thus falling below 4% for the first time since summer 2021.
Published at the same time, household consumption expenditure increased by 0.4% in August compared to the previous month in the United States, an increase fairly in line with expectations, for incomes also growing by 0.4%.
Other data published during the session, the consumer confidence index from the University of Michigan came to 68.1 ultimately for September, down from 69.5 in August, but higher than its preliminary estimate which was 67.7.
In stock news, Nike gained 6.7%, surrounded the day after the publication by the sporting goods supplier of its results for its first quarter 2023-24, supported by growth in its sales excluding North America.
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