(New York) The New York Stock Exchange appears lower Thursday and caught its breath after three consecutive sessions of increase, the market worried about a possible acceleration of monetary tightening of the American Central Bank (Fed).
Around 10:15 a.m., the Dow Jones lost 0.19% to 35,687.64 points, the NASDAQ index, with a strong technological flavor, 0.50% to 15,707.82 points, and the extended S&P 500 index, 0 , 28% at 4688.14 points.
The S&P 500 closed Wednesday just three points off its all-time high set on November 18.
“The market had a very good ‘rally’ (wave of increases) on the impression that Omicron will not be particularly dangerous,” commented Gregori Volokhine, president of Meeschaert Financial Services, but “once we have bought , there remains the other concern, inflation, but especially the reaction of the Fed “to the surge in prices.
Investors did note that new weekly U.S. jobless claims, released on Thursday, fell to their lowest level since September 1969.
“The figure is significant,” said the manager, for whom “it means that the Fed’s mandate is fulfilled. We are at full employment. The second part of the mandate is the fight against inflation.
With Thursday’s employment figure and that of inflation (CPI index) expected on Friday, the question arises of a faster and more marked rise in rates than expected, according to Gregori Volokhine, which would be unfavorable to equity markets.
“The bond market also has reason to feel a stroke of fatigue after the roller coaster it has known” in recent weeks, noted Patrick O’Hare, Briefing.com, in a note.
The benchmark rate for 10-year government bonds was virtually unchanged at 1.48% against 1.47% the day before.
The New York Stock Exchange (NYSE) on Thursday welcomed Brazilian bank Nubank, a fintech (dematerialized financial services) nugget founded only eight years ago.
The IPO price of Nu Holdings, the parent company of this fully online bank, was set Wednesday at $ 9 per share, which values the company around $ 41 billion.
This is less than what the leaders initially expected, who have lowered their introductory price.
The chain of video game stores GameStop fell sharply (-4.84% to 165.24 dollars), after the publication, Wednesday after market, of a greater loss than expected by analysts.
Starting point of the so-called “same stocks” movement (actions that trigger a wave of purchases by small investors), the title has been very popular since January.
The group, which did better than expected on turnover, explained this loss by its strategy of focusing on increasing stocks to meet demand during the holiday season.
The chain of pharmacies CVS jumped (+ 3.45% to 96.31 dollars) after having raised its objectives of turnover and profit for the year 2021. Investors also welcomed the new strategy of the group, which wants develop its healthcare offer beyond simple pharmacy and medication.
Twitter was also at the party (+ 3.63% to 47.38 dollars), supported by the comments of Cathie Wood, boss of the investment company Ark Invest, very followed for its iconoclastic positions, which posted its support for society. The manager believes that the potential of the platform is greater now that she has moved, according to her, to a space more focused on content than comments.
Apple was up 0.11% to $ 175.27 and was approaching the symbolic threshold of $ 3 trillion, never reached by any company.