The New York Stock Exchange rose at the start of the day, trying to maintain its momentum of the beginning of the month after being slightly slowed down the day before.
At around 15:05 GMT, the stock index, the Dow Jones Industrial Average, was up 0.08% at 31,462.09 points. The high-tech Nasdaq was up 0.31% at 14,016.27 points and the S&P 500 expanded index was up 0.15% at 3,915.92 points.
“As the Presidents Day long weekend approaches, there is a slight change in tone on Wall Street”, note JJ Kinahan de TD AMeritrade. “The market remains close to its record highs, but there is a feeling that things are slowing down a bit after the frantic pace of the past few weeks.”, adds the expert.
Results continue to rain in New York Square
On Wednesday after the close of the stock market, Uber (-0.91%) announced abysmal losses of 6.8 billion dollars in 2020, which are however lower than those of the previous year. The chauffeur-driven car reservation specialist also relies heavily on its investments in the field of home food and shopping delivery.
The American agribusiness giant PepsiCo (-1.19%) continued to benefit at the end of the year from the renewed interest in its drinks after a low at the start of the pandemic and relies on vaccination to fuel its growth in 2021.
Once Thursday’s session is over, the Walt Disney Company, a member of the Dow Jones, will report on its financial health in the first quarter of its staggered fiscal year.
Among the indicators, weekly jobless claims were stronger than expected with 793,000 new registrants against 750,000 expected by analysts.
If they are declining from the latest figures, that’s only because the previous week’s number was revised sharply up, according to Labor Department data released Thursday.
Among the other values of the day, Pinterest was up 4.06%. According to the Financial Times, Microsoft recently approached the photo and interest sharing platform Pinterest for a takeover, which could amount to $ 51 billion.
The Bumble dating app was also set to debut on Wall Street, where it will be listed under the symbol BMBL with an initial price of $ 43 per share. The group will raise $ 2.2 billion on the occasion of this IPO.
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