Records on Wall Street for the “Black Friday”


by Tanya Agrawal

(Reuters) – The New York stock Exchange ended up Friday’s session shortened to the “Black Friday”, the S&P 500 and the Nasdaq beating their records in favor of a rise of Amazon (NASDAQ:AMZN) and the values of the distribution with the strong start of the period commercial end-of year celebrations in the United States.

The sectors of basic resources and energy, supported by rising commodity prices, have also contributed to the progression of Wall Street.

After two disappointing years, the consumers are waiting for you as well on sites of trade online and in department stores, told analysts and firms of specialist consultants.

The Dow Jones has gained 31,81 points (0.14 percent) 23.557,99. The S&P-500, wider, took rate 5.34 points, or 0.20% to 2.602,42 points, a record closing after a new all-time high in the session, while the Nasdaq Composite has advanced its side of with 21.80 points (0.32 per cent) to 6,889,16 points, a record closing just below its high of the day.

Throughout the week, the Dow and the S&P have earned, respectively, a 0.85% and 0.9%, posting their first positive performance in three weeks. The Nasdaq has sold nearly 1.6%, recording its best performance since the first week of the month of September.

The index of the compartment of the distribution has ended in increase of 0.75%, also just below the record reached during the session, led by Amazon, which has made 2,58%.

“Amazon is extremely important for the distribution sector and the fact that Amazon has continued to make progress and augurs well for the period commercial end-of-year and the outlook for Wall Street,” said Adam Sarhan, director-general 50 Park Investments.

The traditional retailers that have strengthened their online presence were also searched.

Macy’s has ended up 2.1%. The director-general of the department store chain said on CNBC that the company was in a better position this year than last year and that it had recorded a solid online application.

Other major retailers like Kohl’s, Gap and J. C. Penney have finished on increases of 1% to 1.6%. Wal Mart has gained 0.23 percent.

Some distributors, however, remained in the gap of the increase of the area as a Target that yields 2.8% and Bed Bath & Beyond which dropped to 1.9%.


“Investors will attach much importance to the distribution of purchases between online business and traditional businesses,” said Andre Bakhos, managing director of Janlyn Capital.

The consultant-Adobe Analytics reported that online sales grew a “solid start” to Black Friday, representing 640 million ($536 million) in the first hours, an increase of 18.4% compared to last year. The consultant anticipates an increase of 13.8% over the whole of the day.

Always according to Adobe Analytics, american consumers spent Thursday to a high of 2.87 billion dollars (2.4 billion euros) in line at the time of Thanksgiving, an increase of 18.3%. Many shops have also experienced a resurgence of attendance, having opened their doors earlier on the eve of Black Friday.

Eight of the eleven main compartments sector of the S&P have ended up with, for example, the index of technology stocks, which gained 0.54% of followed by that of the basic materials and energy which take, respectively, to 0.45% and 0.27% with the increase in the price of raw materials and oil.

The price of crude to american light rose over 1.5% to a high of more than two years to almost 59 dollars per barrel after the partial closure of the major pipeline north american Keystone, which translates to a reduction of supply in the United States.

The copper is close to a highest of one month, supported by the dollar’s decline and a drop in supplies.

The volumes traded have focused on 2,68 billion of securities, and far below the average of 6.48 billion of securities in the last 20 sessions.

On the foreign exchange market, the dollar is in sharp decline, with its index against a basket of reference currencies, falling to its lowest level since the end of September to 92.8.

The greenback suffered at the same time of the strength of the euro, buoyed by the dynamism of the european economy and the rate ceiling in the United States in a context of persistent weakness of inflation.

The Treasury yields are very slightly stretched, without getting out of the narrow range in which they are operating since a week and a half with the renewed doubt of investors about a rebound in inflation.

The yield of the benchmark bond to 10 years spring to 2.34% against is 2.32% on Wednesday, on the eve of the closing day of market Thanksgiving.

(Marc Joanny for French service, edited by Bertrand Boucey)

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