MARCH-S-SYNTH-SE-6-WALL-STREET-FIN: Wall Street ends in the red in a volatile market
© Archyde.com/BRENDAN MCDERMID
WALL STREET ENDS IN THE RED IN A VOLATILE MARKET
NEW YORK (Archyde.com) – The New York Stock Exchange ended in the red on Thursday, erasing its early-trading gains as investors are torn between positive economic indicators in the United States, mixed results of companies, the outlook a less accommodating Federal Reserve and the lingering fear of conflict in Ukraine.
The three major New York indices turned down in the middle of the day, illustrating the extreme volatility that has shaken the financial markets since the start of the year.
The Dow Jones held up the best and fell just 0.02%, or 7.31 points, to 34,160.78 points.
The broader S&P-500 lost 23.43 points, or -0.54%, to 4,326.5 points.
The Nasdaq Composite fell more sharply by 189.34 points (-1.40%) to 13,352.78 points.
Wall Street had however started the session on the right foot thanks in particular to reassuring indicators on the state of the American economy, which in 2021 posted its strongest growth in nearly 40 years.
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New national mobilization for wages, calling for an interprofessional strike
Several thousand people, 2,500 people according to the prefecture, set off in the morning in Marseille from the Old Port as part of a national interprofessional strike. Caregivers, teachers and educators are demanding salary increases. In Paris, there were several thousand to gather at the Place de la Bastille. The CGT thinks of bringing together many more people than on October 5, when 160,000 people were mobilized according to the CGT and 85,400 people according to the government.
Le Figaro
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Interprofessional strike: new national mobilization for wages
Several thousand people, 2,500 people according to the prefecture, set off in the morning in Marseille from the Old Port as part of a national interprofessional strike. Caregivers, teachers and educators are demanding salary increases. In Paris, there were several thousand to gather at the Place de la Bastille. The CGT thinks of bringing together many more people than on October 5, when 160,000 people were mobilized according to the CGT and 85,400 people according to the government.
Le Figaro
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Mali: a junta official advises Florence Parly to be silent
Invited on the set of Malian state television, Colonel Abdoulaye Maïga, minister and government spokesperson in Mali, instructed the French Minister for the Armed Forces Florence Parly and France. He advised her to keep “silence”.
Le Figaro
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The gross domestic product (GDP) of the United States thus jumped by 6.9% at an annualized rate in the fourth quarter, according to data from the Commerce Department released Thursday, thanks in particular to the restocking of businesses to respond to the recovery. demand.
Jobless claims for their part fell last week to 260,000, a figure in line with expectations.
But the trend did not resist the first signs of a return to risk aversion.
“It’s a schizophrenic market. There are those who think all the negatives have been factored in and those who think the worst is yet to come,” comments Tim Ghriskey, chief portfolio strategist at Ingalls & Snyder at New York.
“It’s a period full of uncertainties, it’s been like that since the beginning of the month,” he adds.
Tesla (-11.5%) and Intel (-7%) dragged down Nasdaq, the electric car maker after warning that supply chain strains would continue to affect it throughout the year 2022, and the semiconductor maker by reporting disappointing quarterly results and outlook for the same reason.
Netflix, on the other hand, was highly sought after (+7.5%) after the announcement that billionaire William Ackman took a new billion-dollar stake in the streaming video company.
Apple ended virtually unchanged ahead of its quarterly earnings release.
(Stephen Culp, French version Tangi Salaün)