Traders on the floor of the New York Stock Exchange, march 15, 2018 in New York (Photo Bryan R. Smith. AFP)
Wall Street ended little higher on Friday, taking advantage of favourable indicators and a relative quiet from the White House, a few days an important meeting of the us central bank (Fed).
According to the final results at the close, the index featured Dow Jones Industrial Average, rose 0.29%, or 72,85 points, 24.946,51 points.
The Nasdaq, in high coloring technology, has completed close to the balance by taking 0.25 to 7.481,99 points.
The expanded index S&P 500 advanced 0.17%, or 4,68 points, 2.752,01 points.
On the week, the Dow Jones has lost 1,54%, the Nasdaq up 1.04% and the S&P 500 return of 1.24%.
“The relative calm in Washington has enabled the market to focus on the economic data,” said Quincy Krosby of Prudential (LON:PRU).
Between departures or rumors of departures and announcements of arrivals, the news from the White House have been numerous, and have shaken markets this week, but they have calmed down Friday.
Two indicators, however, were boosted Wall Street, an industrial production higher than expected and consumer confidence is at its highest in 2014.
These two indicators suggest an economy in good health,” noted Jack Ablin of Cresset Wealth Advisors.
The disappointing numbers in housing starts, a fall of 7% in February, in contrast, have a bit weighed.
The indices were also supported by a sharp rise in oil prices, driven by the fear of a resurgence of geopolitical tensions in the Middle East.
Grouped within the S&P 500, the values of the energy sector have advanced 1.01 per cent, the highest increase of the expanded index.
– Rate increase –
The markets have now turned to look at the meeting of the american central bank (Fed) on Tuesday and Wednesday, during which a rate increase of a quarter of a point is “largely anticipated”, according to Ms. Krosby.
“This is especially important for the global markets what are the economic projections and the prospect of rate increases that will be discussed”, she added.
The bond market was tightened a little, the rate of debt to 10 years in the United States displaying to 2,845%, as against 2,828% the day before, and the one to 30 years 3,076% against 3,058% on Thursday evening.
Among the values of the day, Wells Fargo (NYSE:WFC) declined (-1,64% 55,90 dollars). The survey by the ministry of Justice on the opening of the 3.5 million fake accounts by the bank, is now extended to the wealth management business and assets while it was up here that the retail bank, told the Wall Street Journal.
The jeweller Tiffany’s has dropped (-5,06% 97,51 dollars) after you have made cautious forecasts for 2018 as a result of quarterly sales disappointing.
Sports equipment Nike (NYSE:NKE) declined (-0,72% 65,91 dollars) after it announced Thursday the departure of the surprise of Trevor Edwards, until then, been considered a potential successor to the current CEO Mark Parker, and acknowledged, without, however, making a direct link, that acts “contrary to its values” had been reported within the company.
Ford (NYSE:F) advanced 0.72% to 11,15 dollars. The automaker announced that it would keep its program of $ 10 billion of cost reduction in spite of the customs taxes imposed by the administration Trump on steel and aluminum, which account for two-thirds of its expenditure on raw materials.