© Reuters. WALL STREET ENDS HIGHER
by Caroline Valetkevitch
NEW YORK (Reuters) – The New York stock Exchange has finished moderate increase on Friday, the good performance of the as Apple (NASDAQ:AAPL) – the first global equity market capitalization – have helped to compensate for the warm welcome reserved to the monthly data on the labour market in the United States.
The Dow Jones gained 0.1%, 22,93 points, 23.539,19. The S&P-500, wider, took 7,99 points, or 0.31 per cent, to 2.587,84. The Nasdaq Composite has advanced its side of 49,49 points (+0,74%) 6.764,44.
Throughout the week, the Dow Jones has taken 0.5% and the S&P 500 rose 0.3%, both these indices linking their eighth weekly increase in a row. The Nasdaq Composite gained 0.9% on the week, signing a sixth weekly advance on.
The three leading indices on Wall Street have each scored a new record by closing.
Job creation rebounded in October in the United States after the disturbances caused by the previous month by the hurricanes, but signs indicate that the dynamics of the labour market loses momentum with a pronounced slowdown in the growth of the annual salary.
The american economy has created 261.000 jobs last month, including the return to work of 106,000 employees of the sectors of leisure and hospitality, announced in the day the department of Labor. This is the highest number since July of 2016, but economists expected a rebound to be more pronounced with 310.000 jobs.
Other macro-economic indicators have been more openly positive image of the service ISM index, which attests to an acceleration unexpected in activity in the sector last month.
On their side, orders for industry increased in September in the United States, for a second consecutive month, and exports of capital goods so-called “core” have been revised upward, which suggests that manufacturing activity is accelerating.
GOOD PERFORMANCE OF THE DOLLAR
The statistics have benefited the dollar, which registered a gain of 0.25% against a basket of international currencies. The price of government bonds has increased from 0.14%, but the price of gold has lost almost 0.5%.
The price of oil has ended up more than 2%, evolving to a peak of more than two years in favor of an increase of the global demand for black gold and of the prospects of Opec and other producing countries to extend the agreement to reduce the production.
Apple has finished with a gain of 2.61% to the 172,5 dollars, signing the largest increase in the Dow Jones and beating his record in the session to exceed the $ 900 billion of funding in the wake of the publication by the technology giant’s quarterly results and forecast beat expectations.
Always in the technological field, the title of Qualcomm (NASDAQ:QCOM) ended on a bond of 12,71% 61,81 dollars, being the increase more pronounced in the S&P 500 after a source has said that the manufacturer of semi-conductors may be likely to be bought out by its competitor Broadcom (NASDAQ:AVGO), in which the action has finished on a gain of 5.45%, 273,63, the fourth largest increase in the S&P 500.
For the reduction, the action of the insurer AIG has abandoned 4,59% 62,00, the third decline is most pronounced in the S&P 500, the result of a loss more heavily than expected in the third quarter.
About 6.7 billion shares were traded against a daily average of 6.3 billion observed during the past 20 sessions.
(Benoit Van Overstraeten for the French service)