(Photo: Getty Images)
MARKET REVIEW. The New York Stock Exchange took a breather during a quiet session on Tuesday, with indices finishing scattered close to balance, unfazed by mixed results from Disney.
The strength of the energy and base metals sectors allowed the main Canadian stock index to record a slight increase.
To (re)consult market news
Stock market indices at closing
In Toronto, the S&P/TSX collected +32.60 points (+0.15%) to 22,292.07 points.
In New York, the S&P 500 closed up +6.97 points (+0.13%) at 5187.71 points.
THE Nasdaq fell -16.69 points (-0.10%) to 16,332.56 points.
THE DOW gained +31.53 points (+0.08%) to 38,883.80 points.
THE loon dropped -US$0.0035 (-0.4801%) to US$0.7286.
THE oil rose +US$0.01 (+0.01%) to US$78.49.
L’gold lost -US$9.20 (-0.39%) to US$2322.00.
THE bitcoin fell by -US$188.48 (-0.30%) to US$63,019.30.
Context
“It was a rather calm session without much catalyst,” Steve Sosnick of Interactive Brokers commented for AFP.
“On Monday the market had seen little trading volume and today hardly better, during a deserted week in terms of economic indicators and which is heading towards the end of the results season,” he said. -it sums.
The indices thus caught their breath after three days of recovery, where they had been supported by moderate comments on rates and inflation from the American Federal Reserve (Fed) and after a welcome slowdown in the job market.
“Perhaps the market needed a consolidation break,” also observed Karl Haeling of LBBW.
The frosty reception reserved for the results of Disney (DIS, -9.52% to US$105.39) and the intelligence software firm Palantir (PLTR, -15.09% to US$21.41) did not have a contagion effect on the indices.
The entertainment group, a good barometer of the health of the American consumer, saw its profit significantly reduced in the second quarter of its delayed financial year (January to March) due to depreciation.
Disney’s net profit fell to just US$216 million, compared to US$1.5 billion in the same period last year. Turnover only increased by 1% year-on-year.
Positive point, the activities of streaming of the Burbank (California) group were profitable for the first time during this quarter, after several years of losses.
Palantir for its part was sanctioned despite having posted a profit of 106 million, against 17 million a year earlier, on a turnover of 634 million US dollars against 525 million.
But the company acknowledged that expected growth in government contracts was not materializing as quickly as expected.
The titles of Peloton Interactive (PTON), the manufacturer of connected fitness devices, in difficulty since the end of COVID-19, had its best day since January, climbing 15.53% to US$4.09.
Private investors are reportedly in the running to buy the company which is trying to refinance its debt after three years of losses, according to CNBC.
The Boeing subcontractor, Spirit AeroSystems (SPR), cited in connection with certain quality control problems experienced by the aircraft manufacturer, ultimately only lost 0.33% to US$32.91, after having lost up to almost 3% during the session. .
The aeronautical supplier widened its quarterly loss to 617 million dollars compared to 281 million the year before.
The electric vehicle manufacturer Rivian (RIVN) lost 3.41% in post-closing electronic trading after announcing mixed results, but confirming its production targets for the year. The very volatile stock closed down 0.77% at US$10.25 during the session.
The American video game publisher Electronic Arts (-0.25% closing at US$130.24) fell 4.78% after the closing bell while both its quarterly turnover and its revenues were lower than market expectations.
Forums forum titles Reddit (RDDT), which entered the New York Stock Exchange at the end of March, were sought after (+2.34% to US$49.40) and were still in demand after the close (+17.11%). The social network indicated that it expected turnover estimated between 240 and 255 million dollars in the second quarter, more than the 223 million expected by analysts.
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