Wall Street slows down at the end of the session and closes slightly higher



The Dow Jones and Nasdaq on the New York Stock Exchange finished slightly higher on Thursday, while the S&P 500 was largely flat at the end, in a session where all three indices broke new records.

According to the closing results, the Dow Jones star index closed 0.29% up to 29,969.52 points. The technology-dominated Nasdaq was up 0.23% to 12,377.18 points. The comprehensive index of the S&P 500 fell 0.06% to 3,666.72 points.

Previously, the Dow Jones had passed above 30,000 points and the Nasdaq hit a new all-time high during the session, following those of the past few days, driven by positive indicators and by Boeing.

Wall Street’s momentum, which remains feverish, was dampened at the end of the session when it was learned, according to the Wall Street Journal, that the Pfizer lab would have problems with its supply chain to deliver all of its antivirus vaccines. -Covid expects in 2020. Pfizer shares lost 1.74% at close.

The market generally remained well-oriented, supported by weekly claims for unemployment benefits in the United States, which weakened for the first time in three weeks: 712,000 against 775,000 expected.

Investors were also reassured by relatively positive data on service activity. The ISM purchasing managers index for November showed that expansion is continuing and faster than expected, even though it is slowing down.

In addition, the IHS Markit index in services (58.4) was found to be growing faster than a year ago, before the outbreak of the epidemic.

“It’s an opinion poll. It means if you ask questions of purchasing managers, business leaders today, they are more optimistic than last November, before Covid. C This is encouraging,” explains Gregori Volokhine of Meeschaert Financial Services.

“The market is on the rise, even though the Nasdaq hasn’t hit a new record. The Dow behaved well thanks to Boeing, which gained nearly 6%,” said Peter Cardillo of Spartan Capital Securities. The aircraft manufacturer has secured a mega order for the 737 MAX from the airline Ryanair.

Airlines followed suit: American Airlines (+ 8.28%), United Airlines (+ 6.81%).

Investors also sold late in the session to position themselves for the official employment data released Friday, Cardillo noted.

A consensus of analysts expects an unemployment rate to remain unchanged at 6.9% compared to October and slightly more creations (650,000).

Tesla shone and climbed to a record for the electric vehicle manufacturer title: + 4.32% to $ 593.38.

The bond yield on 10-year Treasury notes fell from 0.9360% the day before to 0.9112%.

Nasdaq


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