(New York) The New York Stock Exchange ended lower on Monday, catching its breath after a strong month of November and ahead of US employment figures this week.
The technology sector weighed down the indices, sending the NASDAQ down 0.84%. The Dow Jones fell 0.11% and the S
“The market stalled today after rising a lot. We are seeing profit-taking,” summarized Peter Cardillo of Spartan Capital, while November was the best month in more than a year for the New York indices.
For CFRA’s Sam Stovall, the market also experienced “a moment of rest” after the recent strong rally.
At the end of the week, “the S
Since the start of the year, the expanded index S
But on Monday, investors took a breath, gauging the possible impacts of a slowing economy.
“We had the industrial orders index down 3.6% in October. This is more evidence that the economy continues to slow,” noted Peter Cardillo.
On Friday, investors will watch for one of the most important indicators for monetary policy, that of job creation and unemployment for November.
Analysts expect 175,000 job creations compared to 150,000 in October. The unemployment rate is expected to remain stable at 3.9%.
On the stock market, it was mainly the technology sector that weighed on the market, with all the big tech names losing between 1% and 2.5%, from Amazon to Alphabet, including Apple, Microsoft and Netflix.
Meta (Facebook) dropped 1.48% to $320.02. His boss Mark Zuckerberg sold $185 million worth of shares in November, according to SEC documents released Friday evening.
This is the first time since 2021 that Mark Zuckerberg has sold his shares. These have increased by 180% in one year.
Semiconductor stocks suffered, such as Nvidia (-2.68% to $455), but also Intel (-3.18%) and AMD (-2.23%).
US Commerce Secretary Gina Raimondo on Saturday called for more ways to better control chip exports to China in the name of US national security.
Uber benefited (2.28% to $58.65) from its introduction into the prestigious S index
This is synonymous with a capitalization of at least $14.5 billion and a high level of liquidity of the securities.
Be part of the S
Spotify, the world’s number one music platform, based in Stockholm but listed in New York, soared 7.44%, hailed for reducing its workforce by 17%, or 1,500 positions.
Alaska Air is down 14.25% as it seeks to buy rival Hawaiian Airlines for $1.9 billion. Hawaiian’s stock soared 192.59% to $14.22 while the price offered by Alaska Air was $18 per share.
Bitcoin’s surge above $41,700 around 5 p.m. (Eastern time) boosted the cryptoasset sector like the Coinbase exchange (5.48%).