(CercleFinance.com) – Wall Street ended in the green for a third consecutive session (regarding the Dow Jones) on Wednesday, but initiatives remained cautious on the eve of the publication of the ‘CPI’ (American inflation figure). ).
The Dow Jones gained 0.19% to 33,805 (slowed by Chevron’s -3.6% fall), the S&P 500 gained +0.43% to 4,377 and the Nasdaq Composite gained +0.71% to 13,660.
Purchases were made on titans ($250 to $2,500 billion in ‘capi’) rather than on ‘Midcaps’ (the Russell-2000 ended up at -0.15%): Microsoft gained +1.2 %, Amazon +1.8%, Meta and Broadcom +1.9%, Nvidia +2.2%, Western Digital +2.3% and Adobe +3.2%.
The rise in ‘tech’ was once again explained this Wednesday evening by a clear easing of bond rates by -9.5 basis points to 4.56%, compared to 4.655% the day before.
Raphaël Bostic’s ‘calming’ remarks on Tuesday shifted the odds in favor of a status quo by the Fed at the end of its next FOMC, on November 1st.
The markets seem to have literally ignored the ‘PPI’ (producer price) published before the opening (its increase of 0.5% over one month nevertheless thwarted a consensus of +0.3%), but rather appreciated the minutes of the last FOMC, revealed during the session.
Operators mainly focused on oil, which fell -3.3% to $82.15 on the Nymex, which weighed on the entire oil sector.
But the biggest drop was not directly linked to this decline in ‘crude’: ExxonMobil in fact dropped -3.6% with the confirmation of the takeover of Pioneer Natural Resources for an amount of $60 billion.
Defensive ‘pharma’ stocks experienced mixed fortunes, between increases in Amgen +4.6% and Eli Lilly +4.5%, but a fall in Abbot Labs -5.3%.
2023-10-12 05:43:00
#Market #close #green #Wednesday #York
