Mid-session AOF Wall Street analysis – New York indices are recovering but worries remain

(AOF) – US markets recovered on Thursday, despite lingering uncertainties around the Omicron variant and inflation. Yesterday, the New York indices ended in the red, while they were still up at mid-session, after the confirmation of the first case of the new variant on American soil. Today, investors are taking advantage of cheap redemptions and favorably view jobless claims which, although on the rise, are still less numerous than expected. At mid-session, the Dow Jones gained 1.38% and the Nasdaq, 0.2%.

This is good news that allows Boeing to climb 4.80% to 197.44 dollars in New York City. The Chinese Aviation Authority (CAAC) considers that the corrective measures taken on the 737 MAX are adequate. The authority has therefore published a directive for the attention of national companies on the modifications to be made to the device to ensure its return to Chinese skies. The aircraft could therefore soon resume service in this key market. It had been banned from flying there since March 2019, following two air disasters that killed 346 people.

Today’s economic figures

There were 222,000 new unemployed in the United States during the week of November 27, 2021. The market expected 240,000, whereas they had been 194,000 (revised) more the previous week.

The values ​​to follow today

Apple

Apple has let its component suppliers know that demand for the iPhone 13 lineup has weakened as the holiday season approaches, Bloomberg says citing people familiar with the matter. Due to supply problems, the firm at the apple had already reduced by 10 million copies, to 90 million, its production target of iPhone 13 for this year.

Boeing

Good news for Boeing. The Chinese aviation authority has released new navigation guidelines that pave the way for a possible lifting of the ban on the flight of its 737 MAX in China. It has been banned from flying there since spring 2019, following two air disasters. In pre-opening of Wall Street, the title of the aircraft manufacturer climbs by more than 5%.

Costco

Costco achieved $ 18.13 billion in sales in the month of November 2021, an increase of 15.7% from a year ago. For the quarter ended November 21, 2021, the distributor reported net sales of $ 49.42 billion, an increase of 16.7% year-on-year. For the thirteen weeks ended November 28, sales reached $ 54.10 billion (+ 16.8% year on year).

Disney

The Walt Disney Board of Directors has announced that it has elected Susan Arnold as Chairman of the Board, effective December 31, 2021. Susan Arnold, a 14-year member of the Board of Directors, who serves as Independent Lead Director since 2018, will succeed Robert Iger as Chairman of the Board of Directors when he leaves the company at the end of the year.

Square

US online payments specialist Square has announced that it is changing its name to Block. This name has many meanings associated with the business: building blocks, neighborhood blocks and their local businesses, communities that come together at neighborhood parties full of music, a blockchain, a section of code and obstacles to overcome, ”he explains.

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