Wall Street: Wall Street ends with a slight rebound


NEW YORK (Reuters) – The New York Stock Exchange ended with a slight rebound on Thursday, after five sessions of decline for the Standard & Poor’s 500, carried by technology stocks, while the increase in weekly jobless claims in the United States has restored hope of a slowdown in the rise in interest rates.

The Dow Jones Industrial Average gained 0.55%, or 183.56 points, to 33,781.48 points.

The broader S&P-500 gained 29.59 points, or 0.75%, to 3,963.51 points.

The Nasdaq Composite advanced for its part by 123.45 points (1.13%) to 11,082.00 points.

The main New York indices, which had fallen 3.6% since the start of the month on fears that the Federal Reserve could continue its forced march in rate hikes, rallied a little after the publication of the registration figures. unemployment rate, whose slight increase suggests that the overheating of the labor market could ease.

While this statistic alone shouldn’t affect the decisions of the Fed, which analysts expect will opt for a half-point rate hike next Wednesday, it could fuel the the institution’s reflection on the follow-up to be given to its policy of rapidly raising interest rates.

“Markets have seen a small window for bargain buying ahead of next week’s consumer price numbers,” said Dennis Dick, market analyst at Triple D Trading.

While all sectors benefited from this timid rebound, technology stocks were particularly sought after, with Apple, Amazon and Nvidia gaining between 1.2 and 6.5%.

Microsoft rose 1.24% despite the decision of the Federal Trade Commission (FTC), the American competition policeman, to launch a procedure aimed at blocking its plan to take over the video game publisher Activision for 69 billion euros. dollars. The video game publisher lost 1.54%.

(Written by David French and Ankika Biswas, French version Tangi Salaün)

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