Wednesday, August 3, 2016

Wall Street is trying to recover but still wait – Boursorama

Wall Street rose slightly Wednesday, enjoying a strong rebound in oil prices, but remained cautious mood in global markets nervousness context: the Dow Jones took 0.23% and the Nasdaq 0, 43%.

According to final results, the index Featured Dow Jones Industrial Average gained 41.23 points 18,355.00 points and the Nasdaq, dominated by technology, 22.00 points 5159.74 points. The expanded index S & amp; P 500 advanced 6.76 points, or 0.31%, to 2163.79 point

“If there had not been a rebound in. energy, the indices would tread water, “summed Gregori Volokhine of Meeschaert Financial Services.

the values ​​of the energy advantage of a black gold rebound, very depressed in July, investors choosing to make the most of contrasting figures on the state of the US offer, including a decline in gasoline stocks.

for the rest, the atmosphere remained very cautious on Wall Street which remains at a rather high level but is struggling to revive to its July record, the Dow outgoing seven consecutive sessions of decline.

“it is seen in the fact that fund managers have position taken (…) if the market does nothing, “reported Mr. Volokhine” when everyone does that, the market does nothing. “

Several factors contribute to this reluctance , whether the summer, the general gloom of global seats facing various economic concerns, or the prospect of the US monthly employment figures, expected Friday to the government.

the indices have little time to react to rather favorable estimates ADP group, which announced a little more jobs than expected in the US private sector in July.

“investors are simply taking back position, with the will to go after a week of stock market weakness, “concluded Michael James of Wedbush Securities

-. Time Warner advance –

the insurer AIG, which exceeded expectations in the second quarter and announced distribute three billion extra dollars to shareholders, gained 7.31% to 58.10 dollars.

Among the values, the video game publisher Electronic Arts (EA) took 2.41% to 78.63 dollars after quarterly results better than expected amid increasing the number of players online and on mobile, although its forecasts were deemed disappointing.

Fitbit, specialist fitness bracelets, jumped 13.45% to 14.93 dollars after quarterly profit almost doubled and shared considered encouraging forecasts.

The chain of stores office supplies Office Depot has won 5.78% to $ 3.48, after its results back in the green in the last quarter.

the media group Time Warner and cinema ( HBO, CNN, Warner Bros.), which announced taking a 10% stake in online video service Hulu, took 2.71% to 77.83 dollars.

Liberty Global group the American media mogul John Malone, was up 3.34% to 32.48 dollars after the green light on the condition of the European Commission to the proposed merger in the Netherlands of its activities with the British telecoms operator Vodafone.

The bond market advanced slightly. Around 8:30 p.m. EDT, the yield on 10-year Treasury fell to 1.546% against 1.553% Wednesday night, and that good for 30 years at 2.294% against 2.305% previously.

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