(AOF) – Closed yesterday in tribute to former President Jimmy Carter, the American markets are expected on a negative note. Investors took note of a much better employment report than expected. While this is good news for the economy, it is received unfavorably by investors because this report caused a further rise in long-term rates. Delta Airlines is expected to rise sharply after announcing that it expects a historic profit in 2025. Before the first trades, futures on the S&P and those of the Nasdaq lost respectively 0.99% and 1.20%.
Yesterday on Wall Street
US markets were closed due to the national day of mourning for former President Jimmy Carter.
Macroeconomic figures
The non-agricultural sector created 256,000 jobs in December, while 164,000 were expected. There were 212,000 in November. The unemployment rate stood at 4.1%, compared to 4.2% expected after 4.2% the previous month. Wages increased by 3.9%, compared to a consensus of 4% and a 4% increase in November.
The University of Michigan Consumer Confidence Index will be released at 4 p.m.
Values to follow
Constellation Energy
American energy company, Constellation Energy will acquire American electricity producer Calpine. The transaction is worth approximately $16.4 billion, consisting of 50 million Constellation shares and $4.5 billion in cash. The net purchase price is $26.6 billion. The agreement also includes the assumption of Calpine’s debt which amounts to nearly $12.7 billion.
Costco
Retailer Costco ended 2024 on a positive note by reporting net sales of $27.52 billion for the month of December, up 9.9% from last year. This increase follows an improvement in sales of 5.6% and 7.2% in November and October.
Delta Airlines
Delta Airlines is expected to rise sharply in pre-market trading on Wall Street after announcing that it expects to achieve “the best financial year in its 100-year history” in 2025. The airline expects pretax profit above $6 billion, earnings per share above $7.35, compared to $7.22 analysts expected, and free cash flow above $4 billion. The company posted earnings per diluted share of $1.85 for the 4th quarter versus 1.75 expected.
Walgreens Boots Alliance
Walgreens Boots Alliance is expected to rise more than 15% in pre-market trading on Wall Street after releasing its results. The American pharmacy chain exceeded analysts’ expectations with adjusted earnings per share of $0.51 in the first quarter, and maintained its 2025 outlook with adjusted earnings per share of between $1.40 and $1.80. First-quarter revenue increased 7.5% year-on-year to $39.5 billion. It increased by 6.9% at constant exchange rates.
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