(CercleFinance.com) – The New York Stock Exchange ended the week on a contrasting session with technology stocks often at half mast: at the close on Friday, the Dow Jones gained 0.5% to 33,869 points, but the Nasdaq Composite lost 0.6% to 11,718 points.
The two indices thus posted negative weekly balance sheets, the week having been dominated in particular by ‘hawkish’ remarks from several Fed officials, starting with its chairman Jerome Powell, regarding monetary policy.
The idea that its cycle of rate hikes is not about to stop was also confirmed by the US consumer confidence index from the University of Michigan, which came out stronger than expected at 66. .4 this month, compared to 64.9 in January.
‘Uncertainty surrounding short-term inflation expectations has increased recently and continues to be particularly high, indicating the possibility of continued volatility in inflation forecasts for the year ahead,’ pointed out Joanne Hsu , director of the investigation.
Fears of future central bank tightening weighed on some technology heavyweights, such as Tesla (-5%) and Meta Platforms (-2.1%), reviving questions about the levels of valuation of US stocks.
On the results publication front, investors welcomed those of Motorola (+5.6%) and PayPal (+3%), but heavily sanctioned those of News Corp (-9.4%) and especially Lyft ( -36.4%), massacred after abandoning certain objectives.
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