The New York Stock Exchange soars

The New York Stock Exchange rose slightly on Tuesday in a lightly crowded market this Thanksgiving week, awaiting further comments from Fed members and, Wednesday, the minutes of their latest monetary meeting.

The Dow Jones index was up 0.78%, the Nasdaq, with a heavy tech coloration, gained 0.24% and the S&P 500 gained 0.64%, at around 15:15 GMT.

Trading “rised this (Tuesday) morning, but the reason for this positive forecast doesn’t have a specific driver,” stressed Patrick O’Hare, while the markets will be closed for Thanksgiving Thursday, the most important and popular holiday in the United States .

Same story among Schwab analysts who saw “no big directional drivers in a week shortened on holidays.”

The day before, Wall Street had finished lower in an already sluggish market: the Dow Jones was down 0.13%, the Nasdaq index was down 1.09% and the broader S&P 500 index was down 0.39%. .

Several members of the US central bank sent mixed signals on Monday.

Cleveland Fed Chair Loretta Mester said there is “still work” to bring inflation to 2%, but she seems to be in favor of slowing the pace of overnight interest rate hikes.

Raphael Bostic, president of the Atlanta Fed, also said he was in favor of easing the crackdowns. As for Susan Collins of the Boston Fed, she reiterated that a hike of 75 basis points is still possible, after already four consecutive hikes of this order.

More Federal Reserve officials are expected on Tuesday, including Kansas City’s Esther George and the St. Louis Fed’s James Bullard.

The macro calendar was blank on Tuesday, but the next day was expected to fill up with durable goods orders, new home sales, consumer confidence and especially the “minutes” of the last Fed meeting.

Positive surprises

Some positive surprises appeared in the results of companies with the sign of the distribution of Best Buy electronic products (+9.70%).

The group reported profits that exceeded analyst forecasts in the third quarter, although its sales fell further. Best Buy’s management also expressed optimism for year-end sales.

Discount chain Dollar Tree, on the other hand, recorded a decline of more than 9%, although it too performed better than expected.

Shares of video communications specialist Zoom fell 7.75% to $74, as the company revised its revenue forecast slightly lower despite a better-than-expected quarterly result.

Microcomputer maker Dell was cheered (+3.99%) after strong third-quarter results.

In the bond market, rates on 10-year Treasury bills fell slightly to 3.78% versus 3.82%.