Wall Street ends up | Press

(New York) The New York Stock Exchange closed higher on Friday, with the S&P 500 even setting a new record despite the publication of an inflation figure.

The Dow Jones ended up 0.60% at 35,970.99 points, the NASDAQ index, heavily influenced by technology stocks, gained 0.73% to 15,630.60 points, and the expanded S&P index 500 gained 0.95% to a record 4,712.02 points.

Wall Street was firmly awaiting the figure of the rise in prices in the United States for November (CPI index), published before the opening, which reached 6.8% year on year, the highest level since 1982.

Very high, this index was nevertheless in line with the expectations of economists and did not jostle investors. “As long as things land in the forecast, the market has already had enough time to digest it” before publication, argued Art Hogan of National Securities.

Management advisor at Globalt Investments, Tom Martin pointed out that “large caps have performed well, especially in growth sectors”, which pulled the indices.

Microsoft (+ 2.83%), Tesla (+ 1.32%) or Alphabet (+ 0.38%) thus progressed, as did Apple (+ 2.80%), which came close to the symbolic threshold of 3000 billion dollars in capitalization (2944), never before achieved by a listed company.

Even if the session took place in the green, investors have nonetheless “reduced their risk taking for the moment”, according to Tom Martin. Many speculative stocks, like the brokerage platform Robinhood (-8.12%), the movie theater chain AMC (-6.86%) or the cryptocurrency exchange Coinbase (-3.09%) have been exposed.

For Briefing.com analysts, this poor performance “goes hand in hand with the defensive posture in the bond market, as investors wait to see what the Fed (US Central Bank) has to say next week after its meeting”, they said in a note.

The benchmark rate for 10-year US government bonds thus remained stable at 1.48%.

On the list, the young Brazilian bank Nubank and its parent company Nu Holdings had a booming session after their first day of listing on Thursday. The stock rose 14.71% on Friday, to $ 11.85, and the barely eight-year-old start-up is now worth around $ 54 billion, significantly more than the historic big Brazilian banks listed on Wall Street. like Bradseco (34 billion) or Itaú (37).

The luxury exercise bike company Peloton has lived badly (-5.38% to 38.51 dollars) the death of Mr. Big, one of the characters in the series Sex and the City, on a brand device, in the first episode of what is the equivalent of the seventh season of the cult series.

Peloton reacted with the voice of a renowned cardiologist, member of the scientific board of the company, who explained, in the tone of humor, that this death was undoubtedly due to the various excesses of the character rather than to the use of an exercise bike.

Software publisher and cloud computing services specialist Oracle jumped 15.61% to $ 102.63, posting higher than expected revenue and adjusted earnings .

The market did not hold against the group for its significant loss ($ 1.2 billion), linked to an exceptional item, the payment of $ 3 billion in damages and interest to Hewlett-Packard for not having respected an agreement between the two companies.

Moderna slipped (-5.57% to 257.06 dollars) after the publication of the first results of a clinical study on its flu vaccine. If the data are encouraging, they are close to those of its competitors.

The title of the semi-wholesale chain Costco was sought after (+ 6.58% to $ 558.82) after the publication of higher than expected sales and profit. Investors have not sanctioned the drop in margins due to rising costs, which the group has managed to limit.