Wall Street is trying to stabilize, according to the first pre-session indications this Wednesday, while the American market experienced a…
(Boursier.com) — Wall Street is trying to stabilize, according to the first indications of pre-session this Wednesday, while the American market experienced a fairly brutal purge last night, particularly hitting major technological files, in the wake ofApple. The Nasdaq corrected last night by 1.63% and the S&P 500 by 0.57%, while the Dow Jones managed to finish very slightly in the green.
Before trading today, the three main American indices are expected to be practically stable.
Yesterday, it was above all a deterioration of Barclays on the file Apple which weighed down the markets. The title of the world’s largest market capitalization fell 3.6%. Among the other ‘Magnificent Seven’, Alphabet fell 1.1%, Amazon 1.3%, Nvidia 2.7%, Microsoft 1.4% and Meta 2.2%, while Tesla closed in balance after having revealed annual sales slightly above its objective.
On the economic front across the Atlantic today, operators will follow at 4 p.m. the American manufacturing ISM for December (FactSet consensus 47.1) and the JOLTS report on job openings in the USA for the month of November (consensus 8, 77 million).
The Minutes of the FOMC, the Fed’s monetary policy committee for December, will be known at 8 p.m. The Fed then opted for a monetary status quo, leaving its rates unchanged between 5.25 and 5.5%. Operators also welcomed a much more flexible speech from Jerome Powell, the boss of the American monetary institution. According to the CME Group’s FedWatch tool, it is very likely that the Fed will still maintain its rate range on January 31 (91% probability), after the next monetary meeting, before probably proceeding on March 20. , at the following meeting, to an initial easing bringing rates between 5 and 5.25%… Note also that Thomas Barkin of the Fed will speak today.
Tomorrow Thursday, investors will follow the ADP report on American private employment, the Challenger study relating to layoff announcements, weekly unemployment claims, the final American composite Markit PMI index (and therefore that of services), as well as the weekly report relating to US domestic oil stocks. On Friday, the monthly government report on the employment situation, American industrial orders as well as the ISM for services will attract attention.