Wall Street: The uptrend is confirmed in New York


(CercleFinance.com) – After a mixed close for the US equity indices on Wednesday, the New York Stock Exchange is upbeat: the S & P500 and the Dow Jones grab 0.1% while the Nasdaq arrogates 0.4%.

‘The equity indices delayed the day after the first decline of the S&P 500 in five sessions and after having aligned 69 records since January’, recalls Kiplink about Wednesday, noting however that the American place tried to carry out its’ Santa Claus rally ‘.

‘The positive seasonal trends associated with the last week of the year have supported sentiment as investors continue to assess the economic impact of the Omicron variant of Covid-19,’ Wells Fargo explains.

The only macroeconomic data published today, the number of registrations for unemployment benefits fell by 8,000 to 198,000 last week in the United States, the four-week moving average having fallen to 199,250.

On the value front, Johnson & Johnson reports on a phase 3b study in South Africa, which showed an 85% effectiveness of a homologous booster injection of its vaccine against Covid-19 against hospitalizations when the Omicron variant dominates.

Intel announces that it has finalized the first part of the sale of its flash memory activities, namely the NAND and SSD activities, to the South Korean group SK hynix, for seven billion dollars, the complete sale of these activities to take place by March 2025.

Food distributor Kroger says its board of directors authorized a new billion dollar share buyback program, replacing the current authorization, which had about $ 157 million remaining.

Copyright (c) 2021 CercleFinance.com. All rights reserved.



Source link -84