Wednesday, November 23, 2016

Wall Street opens on a note hesitant before Thanksgiving – Zonebourse.com

The Dow Jones wins 9,00 points, or 0.05 percent, at 19.004,00 points five minutes after the beginning of the quotes. The Standard & Poor’s 500, wider, lower, in contrast to 0.20% to 2.195,75 points and the Nasdaq Composite, held back by the biotech yield of 0.56% to 4.847,50 points.

Anticipating a more favourable policy to growth and inflation, with the election of Donald Trump to the presidency of the United States, investors have triggered a sharp upward movement on Wall Street since 8 November.

The euphoria, however, appears to fall progressively and the u.s. markets were closed Thursday for Thanksgiving, prior to a session cut short Friday, does not seem conducive to risk-taking.

As of Tuesday, the trading volumes should remain limited.

“people have their holidays in mind today and nothing seems to appear on the horizon to disrupt the recent momentum in the market,” said Andre Bakhos, executive director of Janlyn Capital.

“But the days where it is expected at low volumes, it is easier to move the course and if it emerges anything capable of reacting to the market, the magnitude of the movement may be exacerbated”, he adds.

The values of health, which were initially among the main beneficiaries of the victory of Donald Trump, recede again after their decline on Tuesday.

The area is this time leaded by the fall of nearly 15% of Eli Lilly, the largest decline of the S&P-500. The us laboratory announced the failure of an experimental treatment of Alzheimer’s disease.

side results of the company, the group of ready-to-wear Urban Outfitters were down by 8% due to comparable sales below analysts ‘ expectations.

The specialist of agricultural equipment, Deere on the other hand has published a revenue and earnings better than expected, and leaps of 8.5%, the largest increase in the S&P-500.

(Yashaswini Swamynathan; Bertrand Boucey for French service, edited by Juliette Rouillon)

LikeTweet

No comments:

Post a Comment