(Photo: Getty Images)
MARKET OVERVIEW. The New York Stock Exchange closed the penultimate session of the year in a disorderly manner on Thursday, with the Dow Jones hitting a new record high, while the S&P 500 also struggled to approach an all-time high.
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Stock market indices at close
in toronto, S&P/TSX fell by -86.53 points (-0.41%) to 20,929.38 points.
In New York, S&P 500 advanced by +1.77 points (+0.04%) to 4,783.35 points.
THE Nasdaq fell by -4.04 points (-0.03%) to 15,095.14 points.
THE DOW closed +53.58 points (+0.14%) at 37,710.10 points.
THE stud closed $-0.0014 (-0.1890%) at $0.7560.
THE oil closed $-2.11 (-2.85%) to $72.00.
L’gold down $-17.90 (-0.86%) to $2,075.20.
THE bitcoin down $-919.68 (-2.12%) to $42,426.10.
Context
“These last two months have been really spectacular,” Interactive Brokers analyst Steve Sosnick told AFP.
“The ability of markets to thrive while central banks have simultaneously raised interest rates and implemented restrictive monetary policy is truly astonishing,” the analyst said, referring to the very positive trajectory at the end of this year. York Indexes.
Analysts at Schwab “hopes of a change in direction from the Federal Reserve (Fed) to lower interest rates next year and signs of slowing inflation in the United States have put the market in a holiday mood for two months.
On Thursday, bond yields tightened a bit and stocks slowed. The 2-year yield, which fell sharply on Wednesday, reached as high as 4.27% from 4.24% a day earlier, and the 10-year yield also rose to 3.84% from 3.79%.
In a week of lackluster economic data, investors learned that weekly US jobless claims rose for a second week in a row.
They rose by 12,000 to 218,000, more than expected but without signaling a major impact on the unemployment rate.
“The main takeaway from the report is that it doesn’t change the market’s perception that the labor market remains in good shape overall,” noted Briefing.com analyst Patrick O’Hare.
“This means that the level of jobless claims is not yet considered a threat to the soft landing hypothesis” of the economy, he added.
The Labor Department will release official employment numbers for December late next week.
On the value side, Boeing (BA)the Dow Jones index heavyweight, fell 0.67% to 260.35 US dollars (USD).
The plane maker has asked airlines that own the 737 MAX, its flagship, to carry out inspections due to the risk of a “loose screw” in the rudder control system, the US Civil Aviation Agency (FAA) said.
Altice-USA (ATUS)a subsidiary of highly indebted French cable operator and telecommunications group Altice, saw its shares rise 6.56% to $3.25.
Altice-USA has sold the Cheddar News news wire to Archetype, a media company that includes Military Times, Defense News and HistoryNet, according to a Cheddar News report. The amount of the sale was not disclosed.
Press reports further mentioned the interest of French billionaire Xavier Niel (Iliad technology group) in Altice’s Portuguese subsidiary, Patrick Drahi’s group.
Wall Street-listed securities of Chinese internet and online gaming giants suffered in recent sessions following new regulations issued by authorities.
About 100 video games were finally allowed to be distributed in China this week, and authorities said they were reviewing the first version of their regulations. NetEase (NTES) so bounced back (NTES, +1.91% to $89.30). Tencent (FEATURES)another Chinese internet heavyweight, has also gained ground (TCEHY, +2.13%).
Very uneven action Tesla (TSLA)positive at the beginning of the session, ended with a decrease of 3.16%.
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