Wall Street started the week on a higher Monday, finding reasons to be reassured after the big disappointment caused by the employment figures last week: the Dow Jones took 0.66% and the Nasdaq 0 62%.
According to final results, the index Featured Dow Jones Industrial Average gained 117.61 points 17,880.85 points and the Nasdaq, dominated by technology, 30.38 points 4917 , 32 points
The broader S & amp;. P 500, on which are based many investors, was up 0.66%, or 13.66 points to 2080.62 point.
In the red at the opening, the market is quickly left forward. “What has changed is the ISM indicator on services and the Markit survey, which actually show that the economy has not slowed,” said Monday Gregori Volokhine at Meeschaert New York.
Indeed investors first sold values in response to the employment figures published Friday, when markets were closed. The ministry announced that the economy had generated only 126,000 jobs in March, a drop of 52% compared to February and less than half what was expected.
In midmorning Two indicators showed that there remained still hope for US growth: the service activity in the US slowed only slightly in March, with an index at 56.5% against 56 9% in February, while remaining close to expectations, according to the index of purchasing managers published by the professional association ISM.
In addition Markit said that its index of directors buying in services had increased from 57.1 to 59.2 between February and March, reaching its highest level since August.
Finally, said Alan Skrainka at Cornerstone Wealth Management, an official of the Fed was very careful on the expected rise in interest rates this year.
William Dudley, president of the Federal Reserve of New York, has indeed assured Monday that any increase rates would be “relatively shallow.” “The headwinds from the financial crisis are still being felt,” he said, referring in particular to the difficulty for individuals to obtain home loans.
In recent weeks, the Market pays the greatest attention to clues that hint at the timing and magnitude of the rate increase that prepares the Fed, fearing that the dropout rate close to zero, in place for more than six years, slows investment and hinders exports by increasing the dollar
-. Boeing advance –
As for values, the oil sector has benefited from the strong rebound in oil prices, with the progression of 3 dollars the price of a barrel of “light sweet crude” (WTI) for delivery in May traded on the New York Mercantile Exchange (Nymex).
Oil giant ExxonMobil rose 0.98% to 85, 13 dollars, and oil services company Halliburton 4.37% to 45.88 dollars.
The pharmaceutical company Bristol-Myers Squibb, which announced an investment of at least $ 100 million in Dutch pioneer of gene therapies Uniqure (+ 47.03% to 33.61 dollars), yielded 0.36% to 63 dollars.
The real estate group Ventas, which spends $ 1.75 billion to seize an unlisted hospital group, Ardent Medical Services, in order to keep its real estate and leave the management of activities, took 5.01% to 76.90 dollars.
Boeing, which announced Friday orders and deliveries better than expected in the first quarter, rose 1.11% to 150.93 dollars.
The manufacturer of electric motor cars Tesla, whose Deliveries were also better than expected in the first quarter, gained 6.34% to 203.10 dollars.
Finally, the agrochemical group DuPont, engaged in a battle with Trian Fund took 0.85 % to $ 72 after explaining that the split demanded by the fund would cost at least $ 4 billion.
The bond market was mixed. Around 8:15 p.m. EDT, the yield on 10-year Treasury fell to 1.898% against 1.912% Thursday evening, and the good 30 years amounted to 2.556% against 2.526% previously.
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