The Wall Street district, in New York (AFP/Charly TRIBALLEAU)
The New York Stock Exchange took a breather during a quiet session on Tuesday, with indices finishing scattered close to balance, unfazed by mixed results from Disney.
The Dow Jones index gained 0.08% to 38,884.26 points, the Nasdaq lost 0.10% to 16,332.56 points and the S&P 500 advanced 0.13% to 5,187.70 points.
“It was a rather calm session without much catalyst,” Steve Sosnick of Interactive Brokers commented for AFP.
“On Monday the market had seen little trading volume and today hardly better, during a deserted week in terms of economic indicators and which is heading towards the end of the results season,” he said. -it sums.
The indices thus caught their breath after three days of recovery, where they had been supported by moderate comments on rates and inflation from the American Federal Reserve (Fed) and after a welcome slowdown in the job market.
“Perhaps the market needed a consolidation break,” also observed Karl Haeling of LBBW.
The frosty reception reserved for the results of Disney (-9.52% to 105.39 dollars) and the intelligence software firm Palantir (-15.09% to 21.41 dollars) had no effect. contagion effect on indices.
The entertainment group, a good barometer of the health of the American consumer, saw its profit significantly reduced in the second quarter of its delayed financial year (January to March) due to depreciation.
Disney’s net profit fell to just $216 million, compared to $1.5 billion in the same period last year. Turnover only increased by 1% year-on-year.
Positive point, the streaming activities of the group from Burbank (California) were profitable for the first time during this quarter, after several years of losses.
Palantir for its part was sanctioned despite having posted a profit of 106 million, against 17 million a year earlier, on a turnover of 634 million dollars against 525 million.
But the company acknowledged that expected growth in government contracts was not materializing as quickly as expected.
The shares of Peloton Interactive, the manufacturer of connected fitness devices, in difficulty since the end of Covid, had their best day since January, climbing 15.53% to $4.09.
Private investors are reportedly in the running to buy the company which is trying to refinance its debt after three years of losses, according to CNBC.
Boeing’s subcontractor, Spirit AeroSystems, cited in connection with certain quality control problems experienced by the aircraft manufacturer, ultimately only lost 0.33% after losing up to almost 3% during the session.
The aeronautical supplier widened its quarterly loss to 617 million dollars compared to 281 million the year before.
Electric vehicle manufacturer Rivian lost 3.41% in post-closing electronic trading after announcing mixed results but confirming its production targets for the year. The stock, which was very volatile during the session, closed down 0.77%.
The American video game publisher Electronics Arts (-0.25% closing at $130.24) fell 4.78% after the closing bell while its quarterly turnover and earnings were lower than the market expectations.
The titles of the Reddit forums, which entered the New York Stock Exchange at the end of March, were sought after (+2.34% to $49.40) and were still sought after the close (+17.11% around 8:30 p.m. GMT ). The social network indicated that it expected turnover estimated between 240 and 255 million dollars in the second quarter, more than the 223 million expected by analysts.
© 2024 AFP
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