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MARKET REVIEW. The New York Stock Exchange ended a mixed session on Thursday, which saw the market introduction of the rental housing platform Airbnb.
The clues
In Toronto, the S&P/TSX ends the day with a gain of 33 points, or 0.19%, to 17,593 points.
In New York, the composite index S&P 500 yielded 4 points, or 0.13%, to 3,668 points.
The index saw the Dow Jones fell 69 points, or 0.23%, to 29,999 points, dropping just below the symbolic 30,000 points.
The Nasdaq, strongly influenced by the technology sector, gained 66 points, or 0.54%, to 12,405 points.
The context
Markets digested poor jobless claims, which soared in the United States last week. They posted their largest increase since the start of the pandemic in the country at the end of March, driven by the surge in COVID-19 cases which forced further restrictions on activity.
Between November 29 and December 5, 853,000 people registered as unemployed, far more than the 720,000 registrations expected by analysts.
On the front of the plan to support the American economy, the negotiations are still skidding, because, if everyone agrees on the need to act very quickly, Democrats and Republicans have still not succeeded in putting aside their deep differences.
Nancy Pelosi, leader of the Democratic majority in the House of Representatives, welcomed “significant progress” in the discussions, but does not rule out that elected officials spend part of their Christmas holidays under the Capitol to negotiate.
The session was mixed “because investors weighed disappointing data on unemployment against hopes of additional fiscal stimulus,” said analysts at Wells Fargo.
The market also rushed into the shares of the housing rental platform Airbnb, of which it was the first quotation, the day after the equally shattering one of the meal delivery service By Dash (-2.25% at closing Thursday).
The ABNB title, introduced at $ 68, finished more than double, at $ 144.71 (+ 113%).
This operation, which enabled the group to recover 3.4 billion dollars in new money, values it at more than 100 billion.
His rivals reacted differently like Booking (-0.11%) andExpedia (+1,27%).
Facebook in the red during the session ended in small decline (-0.29%) after complaints filed Wednesday by several US authorities against the Californian giant, accused of abuse of a dominant position and ordered to give in WhatsApp or Instagram.
Tesla continued its run forward, gaining 3.74% to $ 627.07.
A majority of the eleven sectors of the S&P 500, notably industrials (-0.93%), were in the red, but the energy sector, driven by higher prices for black gold, climbed 2, 93%.
The bond yield on 10-year Treasury bills fell to 0.9073% from 0.9361%.
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