A trader on the floor of the New York Stock Exchange
The New York Stock Exchange opened with slight variations on Thursday, as investors digested the latest indicators on the American economy.
In early trading, the Dow Jones index lost 15.34 points, or 0.04% to 43,236.89 points and the broader Standard & Poor’s 500 rose 0.08% to 5,954.80 points. The Nasdaq Composite takes 0.05% or 10.25 points, to 19,521.481
Wall Street opened Thursday with slight variations the day after a session which marked the largest daily increase since November 6 and the election of Donald Trump.
Investors are digesting the data on the American economy published before the session and in particular lower than expected growth in retail sales.
At the same time, the “Philly Fed” index for business conditions in the Philadelphia region rebounded in a surprise manner and did much better than expected.
The US 10-year bond yield reduced its gains by 1.4 basis points (bp) to 4.669% following this data, compared to 4.694% before the publications.
Morgan Stanley, which gained 1.8%, and Bank of America, which lost 0.3%, also published increased profits for their fourth quarter of 2024 thanks to corporate and investment banking activities.
(Written by Bertrand De Meyer, edited by Augustin Turpin)
Swiss
