Operators of the New York Stock Exchange (AFP / ANGELA WEISS)
The New York Stock Exchange ended up on Monday, still driven by the announced return of Donald Trump to the White House which once again propelled Wall Street's star indices to new records.
The Dow Jones rose 0.69% to 44,293 points, the Nasdaq index gained 0.06% to 19,298 points and the broader S&P 500 index gained 0.10% to 6,001 points. Historical records regularly broken since the victory of Donald Trump.
The market is “enthusiastic” about “the end of electoral uncertainty”, which “propels stocks in general”, Sam Stovall of CFRA commented to AFP.
The increasingly probable prospect of total control of the American Congress by the Republican camp has only reinforced the upward movement of the American market.
“Several groups are taking advantage of the + Trump Trade +”, that is to say the anticipation of investors that a new Trump presidency will be positive for the stock market, noted Mr. Stovall.
The financial sector, due to the “easing of regulations” promised by the Republican, is one of the beneficiary sectors, according to the analyst. JPMorgan Chase (+0.97%), Goldman Sachs (+2.22%), Bank of America (+2.11%) and Wells Fargo (+3.60%) all finished in the green.
Also supported by these prospects, cryptocurrency players like Coinbase (+19.76%), Robinhood (+7.40%) or Riot Platforms (+16.86%) shone.
Bitcoin service provider MicroStrategy Incorporated soared (+25.73%), as the digital currency reached new highs on Monday. Around 9:45 p.m. GMT, bitcoin continued its crazy rise, to $88,149.04.
Other big winners from the results of the American election, industrial stocks gained ground, such as Lockheed Martin (+1.07%), Honeywell (+2.62%) and Caterpillar (+0.81%).
Tesla continued its rise. The group of billionaire Elon Musk, who showed his support for Donald Trump during his campaign, gained 8.76%.
“Weakness in semiconductors and large caps weighed on major indexes,” Patrick O'Hare of Briefing.com observed in a note.
Taiwanese semiconductor giant TSMC, listed in Taiwan and New York, fell (-3.55%) after several media outlets claimed that the American government had ordered it to stop deliveries of its most advanced chips to the market Chinese.
Nvidia (-1.61%), Intel (-4.39%), Apple (-1.20%), Microsoft (-1.07%), Broadcom (-2.58%), or AMD (-0 .41%) closed at half mast.
On the indicator side, investors are awaiting the publication of the CPI consumer price index on Wednesday, the PPI producer price index on Thursday, but also retail sales and industrial production on Friday.
The bond market was closed Monday due to the Veterans Day holiday.
Elsewhere on the table of values, the pharmaceutical laboratory Abbvie tumbled (-12.57%) after information from the Wall Street Journal according to which a drug developed by the group against schizophrenia did not achieve the expected objectives during clinical trials .
The health insurer Cigna took off (+7.28%) after announcing in a press release that the group was abandoning the acquisition of its competitor Humana (-1.97%).
Nasdaq
