New York - The New York Stock Exchange took the Dow Jones and S & P 500 to new heights earlier Wednesday in a mainly focused on the distribution of monthly data on U.S. employment market Thursday.
According to final results, the Dow Jones Industrial Average has scrounged 0.12% or 20.17 points 16,976.24 points and the S & P 500 has nibbled 0.07% or 1.30 points to 1974.62 points.
The Nasdaq, dominated by technology, has meanwhile sold 0.02% or 0.92 points to 4457.73 points.
After a burst of enthusiasm Tuesday brokers have shown much more restraint Wednesday evolving indices close to equilibrium throughout the session.
"Investors look at the Dow Jones approaching the symbolic threshold of 17,000 points and the S & P 500 graze bar 2,000 points," said Gregori Volokhine Meeschaert Financial Services. "These are only psychological levels, but it causes the market to fear missing out on an upward trend," said he added.
At the same time, restraint prevailed before the highly anticipated official monthly report on employment in the United States.
The IT services company ADP reported on Wednesday figures bode well with the creation of some 281,000 jobs in the private sector in the country in June, while analysts expected a more limited increase to 200,000.
"We must not forget that ADP is known to mislead the market" before the publication of official data, said Jennifer Lee of BMO Capital Markets recalling the significant differences that sometimes exist between government figures and those of the society.
That said, good statistics released by ADP follow a series of encouraging news about the U.S. economy in June, whether car sales, the largest since 2006, or close to its manufacturing activity highest in six months.
In addition, ADP figures "were so strong that some market participants fear that this will encourage the Fed to raise sooner than expected interest rates," said Christopher Low of FTN Financial.
The prospect of an increase in these rates, currently near zero, the U.S. central bank thrills operators, who fear a drying up of the flow of liquidity in the market.
Moreover, "the rates on the bond market increased significantly, indicating that this possibility is really taken into account," said the economist.
The bond market has actually declined significantly. The yield on 10-year Treasury rose to 2.628% against 2.558% Tuesday, and the 30-year 3.466% against 3.388% yesterday.
On the values front, JPMorgan Chase dropped 1.04% to 56.97 dollars. Following the announcement of the disease that strikes its CEO Jamie Dimon, investors questioned the establishment of a possible succession plan.
Bank of America has benefited his side recovery by analysts at Deutsche Bank recommendation of their value, rising 1.60% to 15.85 dollars.
The liquor dispenser Constellation Brands for his part delighted investors with better than expected quarterly results and raising its forecast for annual earnings (2.34% to 90.45 dollars).
The Internet giant Google, which announced Tuesday the acquisition of the site listening to music online Songza, yielded 0.12% to 590.78 dollars.
GoPro, the U.S. manufacturer of popular mini-cameras extreme sports recently arrived Nasdaq stumbled: having doubled in less than a week's price of IPO, the share price declined Wednesday 13 85% at $ 42.02.
According to final results, the Dow Jones Industrial Average has scrounged 0.12% or 20.17 points 16,976.24 points and the S & P 500 has nibbled 0.07% or 1.30 points to 1974.62 points.
The Nasdaq, dominated by technology, has meanwhile sold 0.02% or 0.92 points to 4457.73 points.
After a burst of enthusiasm Tuesday brokers have shown much more restraint Wednesday evolving indices close to equilibrium throughout the session.
"Investors look at the Dow Jones approaching the symbolic threshold of 17,000 points and the S & P 500 graze bar 2,000 points," said Gregori Volokhine Meeschaert Financial Services. "These are only psychological levels, but it causes the market to fear missing out on an upward trend," said he added.
At the same time, restraint prevailed before the highly anticipated official monthly report on employment in the United States.
The IT services company ADP reported on Wednesday figures bode well with the creation of some 281,000 jobs in the private sector in the country in June, while analysts expected a more limited increase to 200,000.
"We must not forget that ADP is known to mislead the market" before the publication of official data, said Jennifer Lee of BMO Capital Markets recalling the significant differences that sometimes exist between government figures and those of the society.
That said, good statistics released by ADP follow a series of encouraging news about the U.S. economy in June, whether car sales, the largest since 2006, or close to its manufacturing activity highest in six months.
In addition, ADP figures "were so strong that some market participants fear that this will encourage the Fed to raise sooner than expected interest rates," said Christopher Low of FTN Financial.
The prospect of an increase in these rates, currently near zero, the U.S. central bank thrills operators, who fear a drying up of the flow of liquidity in the market.
Moreover, "the rates on the bond market increased significantly, indicating that this possibility is really taken into account," said the economist.
The bond market has actually declined significantly. The yield on 10-year Treasury rose to 2.628% against 2.558% Tuesday, and the 30-year 3.466% against 3.388% yesterday.
On the values front, JPMorgan Chase dropped 1.04% to 56.97 dollars. Following the announcement of the disease that strikes its CEO Jamie Dimon, investors questioned the establishment of a possible succession plan.
Bank of America has benefited his side recovery by analysts at Deutsche Bank recommendation of their value, rising 1.60% to 15.85 dollars.
The liquor dispenser Constellation Brands for his part delighted investors with better than expected quarterly results and raising its forecast for annual earnings (2.34% to 90.45 dollars).
The Internet giant Google, which announced Tuesday the acquisition of the site listening to music online Songza, yielded 0.12% to 590.78 dollars.
GoPro, the U.S. manufacturer of popular mini-cameras extreme sports recently arrived Nasdaq stumbled: having doubled in less than a week's price of IPO, the share price declined Wednesday 13 85% at $ 42.02.
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