Traders on the New York Stock Exchange on February 12, 2018 (Photo: Drew Angerer. GETTY IMAGES NORTH AMERICA)
Wall Street has evolved in a haphazard manner Tuesday in mid-session, the fall of the retail giant’s Walmart (NYSE:WMT) is weighing on the Dow Jones index (-0,22%) while the Nasdaq (+0,76%) was supported by the semiconductor industry.
To 17: 10 PM GMT, the index featured Dow Jones Industrial Average lost 56,45 points, 25.162,93 points.
He was particularly troubled by the downfall of Walmart (-8,87% 95,49 dollars), which has been a net decline in its quarterly earnings and more importantly, a marked slowdown during the holiday season of its online sales.
The Nasdaq, in high coloring technology, advanced 54,77 points, 7.294,24 points.
He was helped by the sharp rise of several groups specialized in the manufacture of semi-conductors such as Nvidia (+2,86% to 250,81 dollars) or Skyworks (+3.47% to 107,72 dollars).
The sector is buffeted by rising tensions between Qualcomm (NASDAQ:QCOM) (to-2.00% 63,55 dollars), which was raised on Tuesday its offer to repurchase its Dutch competitor NXP, and Broadcom (NASDAQ:AVGO) (+2.42 per cent to 254,92 dollars), who covets the likes of Qualcomm in a “hostile TAKEOVER”.
The expanded index S&P 500 rose 0.16%, or 4.43 in points, 2.736,65 points.
This divergent evolution of the indices is a “good news”, according to Art Hogan, of Wunderlich Securities.
“After a rapid fall of the index by the beginning of the month, followed by a rise just as fast, investors are now trying to recalibrate their positions,” he justified.
“And they are based on fundamentals of companies or a sector and not a single unanimous feeling of aversion or appetite for risk”, said the specialist. “It is much more healthy for the market.”
The S&P 500 index after losing more than 10% in a few days, recorded last week, its best performance week since 2013.
The Dow Jones and S&P 500 closed up during the past six sessions.
– Merck (NYSE:MRK), against Gilead (NASDAQ:GILD) –
On the eve of the minutes of the last meeting of the monetary policy committee of the u.s. central bank, investors continued to speculate on the decisions to come.
“Several officials have already indicated that they were anticipating several rate hikes in spite of the recent volatility in the financial markets,” said Patrick O’hare of Briefing.
The bond market was tightened a little: the return of the good 10-year Treasury rose to 2,906%, compared to 2,875% Friday night, and the 30-year rose to 3,167%, compared with 3,132% at the end of last week.
Among the other values of the day, Gap Inc (NYSE:GPS), parent company of the brand Gap, but also Old Navy, Banana Republic or Athleta, lost 2,92% 32,30 dollars after the announcement of the departure of the manager of the subsidiary Alm. This brand would not have, according to the ceo of Gap Inc, has reached “operational excellence, and acceleration of the income growth” which, according to him, capable.
The Merck pharmaceutical laboratories (-1,57% 55,41 usd) and Gilead (+1.03% in 81,53 dollars) evolve in order dispersed after a court decision has annulled a fine of 2.54 billion dollars against Gilead in a case of patent infringement against Merck. The latter has announced its intention to appeal.
The distribution group the Home Depot moved from 1.36% to 189,52 dollars after the announcement Tuesday of revenue quarterly and annual screenings above expectations.