(CercleFinance.com) – The New York Stock Exchange is moving without a clear trend on Friday at the start of a session driven by a series of lackluster economic indicators.
At the end of the morning, the Dow Jones advanced 0.2% to 36,030.6 points, while the Nasdaq Composite fell 0.3% to 14,177.5 points.
Investors are catching their breath after the recent bullish streak sparked by the marked slowdown in inflation which has reinforced hopes of a rate cut.
After a gain of around 9% in November, its best monthly performance of the year, enthusiasm linked to the evolution of monetary policies tends to wane.
Over the week as a whole, the Dow Jones advanced 1.8%, while the Nasdaq fell around 0.5%.
In terms of indicators, the ISM manufacturing index came out perfectly unchanged in November at 46.7, the same level as in October, while economists expected it to rise to 47.8.
Published a little earlier, the manufacturing PMI index published by S&P Global came out at 49.4 ultimately for the past month, in line with its ‘flash’ estimate and after 50 for October.
In reaction to these indicators, the yield on ten-year Treasuries fell to 4.31%, while the dollar rose sharply against the euro, to around 1.0845.
Regarding stocks, Johnson & Johnson gained 1% thanks to an increase in the buy recommendation from UBS analysts.
Tesla continues its decline the day after the official launch of the Cybertruck, its new pick-up, which should not have much effect on the group’s financial results, according to analysts.
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