PARIS (Reuters) – American stock markets advance to the opening on Thursday on Wall Street, before new indicators and results and after the latest monetary policy decision from the Federal Reserve.
In early trading, the Dow Jones index gained 68.47 points, or 0.18% to 38,222.47 points and the broader Standard & Poor’s 500 rose 0.39% to 4,865.01 points. The Nasdaq Composite takes 0.56% or 86.24 points, to 15,253.333.
Several indicators are expected Thursday and Friday. At 3:00 p.m. on Thursday, the manufacturing ISM in the United States will be published, in contraction since October 2022. The monthly employment report will be published on Friday by the Department of Labor, an essential element for gauging the persistence of tensions on employment .
Several key results will be announced on Thursday.
Apple, Amazon, and Meta Platforms, three of the “Magnificent Seven”, the most important American technology groups in the world, will publish their quarterly accounts after Wall Street closes.
Markets are finally digesting the Fed’s latest monetary policy meeting, which kept rates at their current levels while warning that the next meeting, in March, will probably not end with a rate cut.
In terms of values, Qualcomm fell 5.11% due to concerns about its sales in China, which took precedence over the profit slightly above expectations published by the group for its second fiscal quarter.
Nvidia gains 1.01%, after sources reported that the group has started taking pre-orders for a new artificial intelligence (AI) chip specific to China, and at the same price as a competing product from Huawei.
(Written by Corentin Chappron, edited by Blandine Hénault)
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