Wall Street has risen slightly on Friday, after a session marked by the swearing-in of Donald Trump as u.s. president, investors do marking very little reaction and the economic news is limited to: the Dow Jones has gained 0.48 per cent and the Nasdaq up 0.28 per cent.
According to provisional results at the close, the index featured Dow Jones Industrial Average took 94,85 points to 19.827,25 points and the Nasdaq, to dominant technological, 15,25 points to 5.555,33 points. The expanded index S&P 500 has advanced of 7.62 points, or 0,34%, 2.271,31 points.
“It was a session very calm… I think a lot of investors were watching the inauguration !”, a summary Alan Skrainka, Cornerstone Wealth Management.
The republican Donald Trump has become on Friday the new president of the United States and has, on this occasion, made a speech offensive to the need to pass the “America first”, without, however, announce a lot of concrete.
Despite a few small hiccups during this speech, the calm has finally prevailed at Wall Street, which had singed the end of 2016, after the election unexpectedly, Mr. Trump, before the beginning of the year little animated.
“This week, there have been some concerns about potential protectionist measures, but everything remains fairly quiet,” said Mr. Skrainka.
If the protectionism of Mr. Trump and his speech anti-immigration concern to investors, they seem to have greeted his promises of tax cuts and fiscal stimulus, but, in all cases, caution dominates now, waiting to see how will be produced this program.
“It seems that investors deal with on the day of the inauguration, as they had done for the election, with Trump as the engine”, said Sam Stovall, CFRA.
“of course, the S&P 500 fell for the past several sessions, investors holding often this index is the most representative, “so it is not surprising to see the Stock market back in the green”, he concluded.
For the rest, the economic news was lean, fault indicator american the calendar, even if markets were able to absorb a salvo of results of companies on the Dow Jones.
The bond market stagnated. To 21H20 GMT, the yield on Treasury bills to 10 years appears to 2,464%, compared to 2,467% Thursday evening, and that bills to 30 years at 2,047%, compared to 3,041 per cent previously.