(AOF) – American stock markets are expected to be in positive territory at the opening of the last session of the week. After the better than expected results of American banks, the upcoming event is the inauguration this Monday of Donald Trump as 47th President of the United States. On the statistical side, driving licenses and housing starts in December came out higher than expected. On the values side, SLB did better than expected. A few minutes before the first exchanges, futures on the S&P500 and on the Nasdaq gained 0.68% and 1.23% respectively.
Yesterday on Wall Street
Up sharply the day before, the American stock markets closed on a negative note during the penultimate session of the week. Among the statistics of the day, retail sales came out below expectations in December and the Philadelphia Fed’s manufacturing index surprised with its strength. On the value side, Bank of America finished in the green unlike Morgan Stanley. UnitedHealth plunged following disappointing quarterly results. Dow Jones lost 0.16% to 43,153 points while the Nasdaq fell 0.89% to $19,338.
Macroeconomic figures
1.483 million building permits were registered in December at an annual rate in the United States. The consensus was targeting 1.460 million, after 1.493 million in November. In addition, 1.499 million housing starts were recorded last month at an annual rate. The consensus was targeting 1.330 million, after 1.294 million in November.
Values to follow
Lyft
U.S. District Judge Trina Thompson in San Francisco on Thursday dismissed a lawsuit accusing Lyft of defrauding shareholders by waiting too long to correct an error in a posting that caused the company’s stock price to fluctuate wildly carpooling. According to the jurisdiction cited by Reuters, the shareholders behind the class action have not demonstrated how it was unreasonable for Lyft to need 42 minutes to correct its publication of February 13, 2024, instead of doing so immediately.
SLB
In 2024, SLB’s turnover will amount to $36.29 billion, an increase of 10% year-on-year. Adjusted EBITDA increased by 12% to 9.07 billion. Earnings per share, excluding charges and credits, amounted to $3.41, an increase of 14%. Net profit group share increased 6% to $4.46 billion. The oil group generated free cash flow of $3.99 billion, allowing it to return $3.27 billion to shareholders and reduce its net debt by $571 million.
State Street
The State Street financial group is expected to decline after revealing lower than expected inflows. Fourth-quarter net income jumped to $783 million, or $2.46 per share, from $210 million a year earlier. It came to $2.60 excluding exceptional items, or 16 cents better than expected. Revenues rose less than 12% to $3.41 billion, while the market was targeting $3.34 billion.
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