The New York Stock Exchange ended piecemeal – The Point

The New York Stock Exchange ended piecemeal – The Point

The New York Stock Exchange finished Friday in scattered order, yet in its fourth week of gains. According to final results, the Dow Jones Industrial Average dropped 18.05 points 17,634.70 points and the Nasdaq, dominated by technology, was awarded 8.40 points 4688.53 points. The broader S & amp; P 500 rose from 0.02% or 0.49 points to 2039.82 points in passing narrowly signing a new record. The three major indexes of the New York Stock Exchange fluctuated around equilibrium throughout the session.

But instead of New York “has increased so much and so fast” in a few weeks “it is all natural it up a little behind,” said Tom Cahill Ventura Wealth Management. Before reaching a new record Thursday, the Dow Jones was especially appreciated by nearly 10% from its recent low in mid-October. The broadcast on both sides of the Atlantic indicators were nevertheless encouraging.

Retail sales in October increased

Gross Domestic Product (GDP) of the region including euro rose 0.2% in the third quarter, slightly more than expected. In the US, retail sales rose 0.3% in October, as expected by analysts. They catch and the loss of the previous month they had stalled at 0.3%, for the first time in seven months. The morale of US households increased his side more than expected in November, peaking in eight years, according to the first estimate of the indicator from the University of Michigan.

These two statistics “are important because the US stock market needs a strong domestic consumption to continue to rise by the end of the year, because it is not on the export side, hampered by the rising dollar, the indices are find new sources of growth, “said Gregori Volokhine of Meeschaert Financial Services. On the values ​​front, the cheap airline Virgin America, the British billionaire Richard Branson owns 22% stake, has successfully entered the New York Stock Exchange, the day of its introduction, the stock has jumped 30 43% at $ 30.00.

The bond market rose

The world number three services to the oil industry Baker Hughes rose from 1.94% to 59.89 dollars after confirmed merger talks with fellow Halliburton, the second player in the sector (+ 2.40% to 55.08 dollars). The car rental company Hertz struggling for its shares plunged 4.58% to 21.69 dollars. The group is leaded by the announcement of larger than expected accounting errors and the prospect of a continuation next year of its operational problems. The Microsoft IT group, who released a test of its Skype video messaging allows users to make calls directly from a web browser without installing a specific program version has dropped 0.06% at $ 49.58.

The fast food giant McDonald’s is mounted 0.76% to 96.21 dollars.

The bond market closed up. The yield on 10-year Treasury fell to 2.320% against 2.347% Thursday and the bills for 30 years at 3.042% against 3.076% yesterday.