Tuesday, January 26, 2021
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Wall Street stable at opening in a market on the lookout


The New York Stock Exchange was close to equilibrium on Wednesday morning, hesitating on which direction to take between political uncertainty in the United States, the continuation of the coronavirus vaccination campaign and the approach of the earnings season in Wall Street.

At around 15:00 GMT, the stock index, the Dow Jones Industrial Average, was down 0.14% to 31,026.66 points, the high-tech Nasdaq was down 0.02% at 13,070.46 points and the index the expanded S&P 500 fell 0.15% to 3,795.53 points.

If Wall Street has slowed down somewhat since the records broken at the end of last week, the New York place has not recorded a plunge either, which reassures some observers.

“Market players are not convinced that the market will crash and play dead,” said Patrick O’Hare of Briefing.

“He is more likely convinced that there will continue to be a rotation of growth stocks towards yield stocks, from the counter-cyclical to the cyclical, from giant caps to small caps, from containment players to those in the reopening “, adds the expert.

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On Wednesday, financial circles had their eyes on the House of Representatives, which is considering voting a historic second impeachment procedure against Donald Trump.

Elected Democrats and some Republicans believe the outgoing president played a major role in starting the riots on Capitol Hill in Washington on January 6 by calling on crowds of supporters to challenge the outcome of the presidential election.

Market players were also following the progress of the Covid-19 vaccination campaign as the United States recorded its record of daily coronavirus-related deaths on Tuesday with 4,470 deaths.

Wall Street was also preparing for the start of the earnings season, with several major US banks (JPMorgan Chase, Citigroup, Wells Fargo) to submit their quarterly balance sheets at the end of the week.

Among the indicators, consumer prices climbed 0.4% in December in the United States, inflation driven by rising gasoline prices at the pump, according to the CPI index published Wednesday by the department work.

Among the values ​​of the day, Intel climbed 8.87%. The CEO of the semiconductor manufacturer, Bob Swan, will step down on February 15, an announcement that comes just two weeks after the capitalization of activist shareholder Dan Loeb, who calls for a split from the group.

Visa rose 0.17%. The payment specialist, a member of the Dow Jones, on Tuesday announced the cancellation of its planned merger with financial technology company Plaid. The US Department of Justice, fearing anti-trust practices, had initiated proceedings to challenge the transaction.

  1. Nasdaq



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https://information.tv5monde.com/info/wall-street-stable-l-ouverture-dans-un-marche-aux-aguets-391545

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