The New York Stock Exchange in Manhattan
by Chuck Mikolajczak
The New York Stock Exchange ended sharply higher on Tuesday after the publication of indicators highlighting the strength of the American economy, even if investors are preparing for turbulence as the wait for the results of a particularly indecisive presidential election begins. in the United States.
The Dow Jones index gained 1.02%, or 427.28 points, to 42,221.88 points.
The broader S&P-500 gained 70.07 points, or 1.23%, to 5,782.76 points.
The Nasdaq Composite advanced 259.19 points (1.43%) to 18,439.171 points.
The monthly survey from the Institute for Supply Management (ISM) published Tuesday showed an unexpected increase in activity in the services sector in October in the United States. The American trade deficit, for its part, reached a two-and-a-half year high in September, with imports inflated by the dynamism of domestic demand and the prospect of additional customs duties in the event of Donald Trump's return home. white.
Investors now risk having to wait several days before knowing the winner of the presidential election held this Tuesday in the United States, between outgoing Democratic Vice-President Kamala Harris and former Republican President Donald Trump.
Opinion polls indicate that the outcome of the vote is likely to be very close.
On Wall Street, assets supposed to show that investors are betting more on a Donald Trump victory have experienced mixed fortunes. The Trump Media & Technology Group stock, during the session, both jumped by more than 18% and fell by more than 8%, while being regularly suspended due to its excessive volatility. It ended down 1.2%.
Bitcoin gained around 4% as Donald Trump took pro-cryptocurrency positions.
Aside from electoral news, Boeing also experienced a volatile session after reaching a salary agreement with its employees to end a seven-week strike. After gains at the start of the session, the stock ended down 2.62%.
Palantir, for its part, soared 23.5%, the data analysis specialist having raised its annual turnover forecast for the third time.
The Federal Reserve should not have any surprises in store for investors on Thursday, who almost certainly expect a rate cut of 25 basis points.
(Written by Chuck Mikolajczak, French version Bertrand Boucey)
