(CercleFinance.com) – Wall Street ends the week on a transition session, with no trend at the final bell (the S&P500 ends perfectly unchanged at 6,051 points but it only owes this to the +24% surge in Broadcom) but the ‘permabulls’ will still console themselves with a new absolute record for the Nasdaq intraday, in the absence of a closing record (the index just 0.12%, but it’s enough to end the week with an overall gain of +0.35%).
Just like the day before and most of the previous sessions, there were more stocks falling than rising this Friday, but as usual since November 7, there is always a heavyweight, an XXL locomotive to pull the weight Nasdaq towards record highs despite unfavorable advance/decline ratios.
The Nasdaq composite sets a record at more than 20,060 points thanks to Broadcom (and only Broadcom which is soaring after its quarterly published Thursday evening): with +$220 billion in additional capitalization the company makes a thunderous entry into the ‘1,000 billion club $ capi’.
There are now 8 ‘fantastics’ on Wall Street, with Broadcom now worth $1.050 billion.
Broadcom represents 100% of the increase in the Nasdaq-100 which also broke a record around 21,886, or 100 points better than December 11.
On the US statistics front, import prices in the United States increased by 0.1% in November compared to the previous month (stability excluding fuel), according to the Department of Labor, while export prices stagnated (+0.1% excluding agricultural products).
In variation over 12 rolling months, American import and export prices increased respectively by 1.3% (+2.3% excluding fuel) and 0.8% (+1.2% excluding foodstuffs). agricultural) last month.
T-Bonds rose by +7 points to 4.3950% (i.e. +25 points over the week), the ‘2 years’ posted +6 points to 4.245%, the ’30 years’ +7 points to 4.612%.
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