Saturday, July 9, 2016

Wall Street rises sharply, reassured on US employment – Boursorama

Wall Street rose after good figures on US employment (AFP / File / TIMOTHY A. CLARY)

Wall Street rose after good figures on US employment (AFP / File / TIMOTHY A. CLARY)

According to final results, the index Featured Dow Jones Industrial Average made 250.86 points 18,146.74 points and the Nasdaq, dominated by technology, 79.95 points 4956.76 point

the index expanded S & amp;. P 500, considered most representative by many investors, was up 32.00 points, or 1.53%, to 2129.90 points at least half a point of its record closing of May 2015.

“The numbers job this morning played a big role, “summarized Michael James of Wedbush Securities. “Not only were they well above expectations, but allowed to forget the concerns over the figures of the previous month.”

The United States experienced a spectacular rebound in their new jobs June, according to a report released by the labor department, allaying fears about the strength of the US labor market, which had paralyzed the markets following poor figures in May.

“This gave the green light to spend to purchase “, Wall Street has lacked conviction since the end of last week, said Mr James.

While the unemployment rate increased slightly, but c is primarily because a greater number of Americans have given up looking for work.

the report is “clearly a sign that the economy is better than many people had thought” , found Bill Lynch, of Hinsdale Associates. “There is probably no risk of recession this year.”

While the details seemed less engaging, like the fact that the May figures were revised to be even worse than initially announced some observers felt that this would lead especially the Federal Reserve (Fed) not quickly raise rates and thus maintain a consistent support to investors.

on a more specific point of view, “the values related to consumption were particularly shaped “remarked James, seeing both the effect of the employment figures and good results of the Gap clothing store chain.

“This helped revive many values ​​of the sector, which fared poorly since the beginning of the year and especially the last month,” said Mr. James

-. Polycom monte –

Among the values, Gap took 4.95% to 22.70 dollars after announcing an increase in its store sales in June, with an excellent performance of its Old Navy brand .

the IT group Barracuda Networks, specialist in online storage security, jumped 18.83% to 18.43 dollars after reporting a strong increase in its quarterly sales, which allowed him to return to the green.

Polycom conferencing specialist, was up 12.70% to 12.25 dollars after breaking the agreement for its acquisition by Canadian society to accept Mitel the offer more attractive to the investment company Siris.

the biotechnology laboratory Juno Therapeutics collapsed from 31.87% to 27.81 dollars after announcing the death, the week last, two patients in clinical trials of an experimental treatment against leukemia. Another died in May.

The bond market advanced. Around 8:20 p.m. EDT, the yield on 10-year Treasury fell to 1.356% against 1.373% Thursday evening, and that good for 30 years at 2.095% against 2.142% yesterday, continuing to evolve at a level close to its lowest historical.


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