New York – Wall Street finished slightly lower on Thursday, questioning the monetary policies and wait and see on the eve of the release of u.s. employment figures for September: the Dow Jones lost 0.07% and the Nasdaq is 0.17%.
According to the final results, the index featured Dow Jones Industrial Average has conceded 12,53 points to 18.268,50 points and the Nasdaq, to dominant technological, 9,17 points to 5.306,85 points. The expanded index S&P 500 has increased by 1.04 point, or 0.05 percent, at 2.160,77 points.
“there are expectations for good employment figures, which on the one hand would increase the probability of a rate hike from the Fed in December, but would also indicate a continued strengthening of the economy, and this is what it takes for the stock markets is progressing,” said Michael James of Wedbush Securities.
investors continue to speculate on a possible monetary tightening by the end of the year by the us federal Reserve (Fed).
Thursday, the expectations of good monthly figures of employment have been strengthened by the release of a surprise drop in enrollment in weekly unemployment.
“The low level of jobless claims indicates (…) that the labour market remains in good health,” commented analysts at Barclays in a note.
during the meeting, the New York stock Exchange has a little recovery when “an official of the european central Bank (ECB) has indicated that the ECB denied comments suggesting that it might reduce its asset purchase program (QE),” said Michael James.
For a few days, the possibility of another monetary policy tightening, this time in the euro area, concern about in effect markets.
Among the factors weighing somewhat on the indexes, “there is a little strengthening of the us dollar and movements on the currency markets. We also have concerns about Deutsche Bank. Investors are struggling to find reasons to buy in these conditions,” said Alan Skrainka of Cornerstone Wealth Management.
- Twitter plunges -
Among the values, Twitter, has dropped 20.10 is% to (19.87 usd to the following information of the internet site Re/Code indicating that Google cited repeatedly as one of the pretenders to his redemption, wouldn’t be interested in the social network. Salesforce, always on the ranks, according to a source close to the record questioned by AFP, took 4,15% 71,26 dollars.
In the pharmaceutical sector, Alnylam will stop the development of a drug that had to be designed to combat a heart defect and has plunged 48,49% 36,21 dollars.
the retail giant Wal-Mart has declined from 3.22% to 69,36 dollars after it warned that its profits would stagnate during the next fiscal year, because of large investments to catch up in the online business.
The issuer of bank cards, American Express (Amex) lost 3,76% to 61,94 dollars to the result of the degradation of his note by Nomura, who feared a decline in its market share.
The electric car manufacturer Tesla has lost 3,58% 201,00 usd. The bank Goldman Sachs wonders about the risks posed by its merger with Solarcity (-2,69% 19,51 dollars) and has gradient its note.
insurance companies, Heritage Insurance and Universal Insurance have lost, respectively, 9.91 per cent to 12,46 dollars and 12,24% 19,51 dollars, on fears that hurricane Matthew who comes to Florida, not because of the damage that would undermine their profits.
The bond market fell. To 20H40, the yield on Treasury bills to 10 years amounted to 1,738 per cent, against 1,707% Wednesday night, and one of the warrants to 30 years 2,454%, compared to 2,425% previously.
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