(New York) The New York Stock Exchange moved hesitantly on Monday, at a level close to equilibrium, preparing to end a positive month of July, the fifth in a row for the S
The Dow Jones index climbed 0.05%, the tech-dominated NASDAQ lost 0.05% and the S
Since the beginning of the month, the broad index S
The NASDAQ also advanced 3.8% and the Dow Jones was up 3.1% after 13 straight sessions in the green, the longest streak since 1987.
On Friday, thanks to a favorable evolution of inflation in the United States, the Dow Jones had gained 0.50% to 35,459.29 points, the NASDAQ index had gained 1.90% to 14,316.66 points and the expanded index S
Inflation slowed further in June, to 3.0% year on year in June, according to the PCE index, favored by the US central bank (Fed), published on Friday.
Excluding food and energy, inflation is still at 4.1%, but it is well below the 4.6% observed in May, but also slightly below the 4.2% expected by economists.
On the corporate side, “we’re halfway through the earnings season and so far have been generally better than expected,” commented Art Hogan of B. Riley Wealth Management.
“Of the 220 firms in the S
This week will still be intense in terms of results and macroeconomic indicators.
The results of the megacaps Apple and Amazon are expected on Thursday after the close while the activity indicators for the manufacturing and services sectors (ISM) will be published on Tuesday and Thursday respectively.
Finally, it is the official employment figures for July that will attract all the attention of investors on Friday. Analysts expect another month of sustained job creation at 200,000 in July, according to Briefing.com, after 209,000 in June. The unemployment rate is expected to remain stable at 3.6%.
The title of the road transport company Yellow, one of the oldest in the country, was suspended from trading as soon as the company, strangled by debt, informed its customers on Sunday that it was ceasing its activity.
The carrier, which is in conflict with the union of truck drivers, has more than 12,000 trucks and 22,000 drivers.
Automaker Ford was down more than 1% at $13. Ford admitted at the end of the week that it expected a loss of some $4.5 billion from its electric vehicle division, while the group had so far projected a deficit of $3 billion.
The action of the Adobe software group climbed 2.78% to 543 dollars after a favorable opinion from Morgan Stanley.
Similarly, oil tanker Chevron (3.13%) received a positive rating from Goldman Sachs.
Salesforce, specializing in the distribution of management software, however slipped 1.57% as the title was degraded by Morgan Stanley.
Toy maker Hasbro climbed more than $4 to $64.50 ahead of its earnings release on Thursday while Bank of America issued a positive review of the group’s sales.
In the bond market, yields on ten-year Treasury bills were stable at 3.94% compared to 3.95% the previous day.
