(New York) The New York Stock Exchange ended in disarray on Thursday, NASDAQ and S

NASDAQ et S

The session was volatile, NASDAQ and S

“However, the market was treated to news that could encourage the Fed (American central bank) to lower its rates,” noted Patrick O’Hare of Briefing.com.

The producer price index (PPI) contracted by 0.2% in May, while economists saw it increasing by 0.1%.

The figure confirmed the good impression left the day before by the CPI consumer price index, stable in May.

“Just when everyone expected it, disinflation is in the pipeline,” commented Jamie Cox of Harris Financial Group. “If this is confirmed, the hypothesis of a rate cut in September will be on the table. »

The central hypothesis of operators includes two cuts from the Fed this year, even though the forecasts of the members of the institution, updated on Wednesday, only see one.

The ground appears all the more favourable for monetary easing as the jobs market shows signs of cooling.

New jobless claims rose to 242,000 last week, their highest level in ten months.  

The two indicators of the day caused bond rates to waver, already under pressure on Wednesday after the publication of the CPI index.

The yield on 10-year US government bonds fell to 4.22%, a first since early April.

“We can add to all this Broadcom (12.27%) and the enthusiasm linked to its results and the announcement of the division of its shares by ten,” described Patrick O’Hare.

The semiconductor designer published results above expectations and raised its forecasts for its entire delayed financial year (ending at the end of October). Revenues from artificial intelligence now reach a quarter of turnover.

“The market had everything to sign a nice increase today,” said Patrick O’Hare. Instead, “he didn’t do much,” the analyst notes. “People decided it was better to consolidate some of the strong gains of recent times. »

On the stock market, Broadcom flashed several stocks in the technology sector, notably its competitors Qualcomm (1.12%), Nvidia (3.52%) and Micron (1.70%), as well as the server specialist Super Micro Computer (12.44%).

Apple (0.55%) has regained the title of the world’s largest capitalization, ahead of Microsoft (0.12%), but Nvidia is getting closer and closer and is now less than 100 billion in valuation from the top.

Tesla soared (2.92%) after Elon Musk affirmed, on electric companies in Texas, were in the process of being approved by a majority of shareholders.

In a context favorable to growth stocks, notably the Amgen laboratory (-0.86%), American Express (-0.83%) or Boeing (-1.08%).

The latter revealed that it had detected incorrectly tightened fasteners on 787 Dreamliners awaiting delivery.

The media group Paramount Global continued its decline (-6.92%), after its controlling shareholder National Amusements broke off negotiations with the studio Skydance Media, with a view to a possible union.

In the same sector, Warner Bros Discovery (-6.66%) fell to a 15-year low as investors question its growth prospects as well as the possible loss of the league’s broadcast rights professional NBA basketball player.