Big names in the Nasdaq index, like Nvidia (+2,89%), Alphabet (+1,78%), Microsoft (+0,80%, Meta (+1.12%) or even Amazon (+2.14%), all moving in the green. “The positive orientation of the first exchanges” is also “supported by the action of Treasury bills”, added Mr. O’Hare.
On the bond market, the yield on 10-year US government bonds stood at 4.55%, compared to 4.57% the day before at closing.
In terms of indicators, investors are awaiting the publication of an ISM manufacturing activity index for December in the United States. Wall Street also has its eyes on the inauguration of Donald Trump on January 20 and on the policies that the Republican could put in place upon his arrival. “Most investors viewed Trump as pro-market, would cut taxes, [encouragerait] deregulation and that it would strengthen business optimism”a souligné M. Healing. “It’s possible that some of the implications of Trump’s presidency are already being factored in” by market players, however, the analyst clarified.
To the quote
U.S Steel fell (-7.30%) after Joe Biden announced on Friday that he was blocking the planned takeover of the big name in American steel by the Japanese giant Nippon Steel, a very political decision which risks creating tensions with Tokyo.
This merger, which has been shaking up the economic and political spheres in both countries for a year, “would place one of America’s largest steel producers under foreign control and pose risks to our national security and critical supply chains”justified the outgoing American president.
Joe Biden blocks Nippon Steel’s takeover of US Steel
Tesla rebounded (+1.98%) after its decline the day before, due to delivery figures lower than the group’s forecasts for the entire 2024 financial year. The electric car manufacturer declined (-1% compared to 2023) while it had announced, in October, to expect a “slight growth” in its deliveries for the year, against a backdrop of increasing competition.
At the same time, the automobile manufacturer Rivian soared (+18.60%) thanks to delivery figures above analysts’ expectations.
Apple was sanctioned (-0.24%) after agreeing to pay $95 million to put an end to lawsuits from American consumers who accuse it of having recorded their private conversations without their knowledge via its voice assistant Siri, present in particular on his iPhones.
