Wall Street mixed | Records for the S&P 500 and NASDAQ, the Dow Jones down

(New York) The New York Stock Exchange ended mixed on Thursday albeit on record highs, with technology outpacing traditional economy stocks, in a market that continues to grapple with inflationary pressures and a surge in COVID cases. 19 19.

According to final results, the Dow Jones index lost 0.17% to 35,870.95 points.

The tech-heavy NASDAQ advanced 0.45% to 15,993.71 points, a new record, as did the broader S&P 500 index at 4,704.54 points, up 0.34%.

Trade has been volatile “as markets react to inflationary pressures, as well as supply chain and labor challenges,” Schwab analysts said.

“Not to mention the concerns that seem to resurface about the recent increase in COVID-19 infections around the world,” they added.

Investors are also wondering if the Fed will not be forced to speed up the timing of its first interest rate hike.

New York Fed Chairman John Williams admitted on Thursday that inflation was “widespread,” Wells Fargo analysts also said.

Among the indicators of the day, the Labor Department published weekly requests for unemployment benefit still at the lowest since the pandemic.

At 268,000, they fell by just 1,000 and are above expectations, but it is still “the lowest level since March 14, 2020”, just before the outbreak of the epidemic and lockdowns in the United States , noted Patrick O’Hare of Briefing.com.

A favorable indicator also came from the Philadelphia region where manufacturing activity rebounded in November more strongly than expected, even rising to its highest level since April (39 points against 22 expected), according to data from the regional Fed. .

Featured Nvidia and Macy’s

Among the company news, semiconductor and graphics card maker Nvidia (+ 8.25% to $ 316) drew enthusiasm from NASDAQ. The group was praised for its better-than-expected quarterly results, in the midst of a shortage of chips, which pushed up its selling prices.

Nvidia posted third quarter revenue of $ 7.1 billion against $ 6.81 billion forecast, including $ 3.22 billion in video games.

Cisco, on the other hand, plunged 5.51% while the specialist in computer network equipment disclosed disappointing growth prospects with difficulties in accessing components.

The department store and clothing chains Macy’s (+ 21.17%) and Kohl’s (+ 10.62%) have experienced a resurrection after surprising analysts with the jump in their sales and their good end-of-year outlook in a context of dynamism of the American consumer.

Believed to be on the verge of extinction after physical stores closed during pandemic across the country in early 2020, Macy’s and other department stores are experiencing a startling revival this year as shoppers return to malls in droves. sales, ”said Patrick O’Hare of Briefing.com.

Chinese online retail giant Alibaba’s Wall Street-listed securities fell 11.13%. The group announced a quarterly profit down 81%, weighed down by regulatory tightening in China which is shaking the tech giants.

An order from Pfizer by the US government to Pfizer for 10 million treatments of its anti-COVID-19 pill for $ 5.29 billion benefited the vaccine manufacturer (+ 1.6% to $ 51.41 ).

Investors applauded the strategy of the drugstore and pharmacies chain CVS (+ 2.81%) which will close 900 of its stores in the United States, or 10% of its banners within three years.

Bursted on Wall Street two weeks ago, Rivian, the fledgling electric vehicle maker, has severely deflated 15.53% to $ 123. Reflecting the voracious appetite of investors for the emission-free transport sector, the title had climbed to 172 dollars eight days after its IPO at 78 dollars.

In the bond market, ten-year Treasury bill rates were stable at 1.58%.