© Reuters. WALL STREET ENDS UNCHANGED
by Chuck Mikolajczak
(Reuters) – The New York stock Exchange ended almost unchanged on Tuesday, the first day of a short week due to Christmas, dampened by the decline in Apple (NASDAQ:AAPL) and compartment technology, while the energy sector has benefited from the sharp rise in crude prices.
The Dow Jones has lost 7,85 points, or 0.03%, 24.746,21. The Standard & Poor’s 500, wider, fell by 2.84 points, or 0,11% to 2.680,50.
The Nasdaq Composite, technology-intensive gave him 23,71 points, or 0,34%, to 6.936,25, leaded by Apple.
The group in california, biggest drop in the Dow, has dropped 2.54 per cent, weighed down by the fear of a softer demand than expected for the iPhone X, powered by the press of taiwan and the comments of analysts.
In its wake, several of its suppliers have finished in the red. Broadcom (NASDAQ:AVGO) and Skyworks Solutions have lost 1,62%, Qorvo, has decreased from 2.64%, Micron (NASDAQ:MU) 4.24% and Lumentum Holdings 5.87%.
THE TECHS IN THE RED
The battery technology has accused a decrease of 0.7%, the sharpest drop in segment of the S&P-500, with the community services (-0,58%).
“It seems to me that (the tax reform) will not have as much impact on the technology sector, which, with a rate of around 24%, benefits of the tax more low, than on the financial, who pay the most,” says Sandy Villere, manager of portfolios at Villere Balanced Fund.
The movement of rotation may be started and investors could take their profits on the four major tech stocks -Facebook, Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX) and Alphabet – at the beginning of the next year, she adds.
THE SKYROCKETING OIL
At the other end of the spectrum, the values of the energy, boosted by the rising price of oil, have achieved the best performance, with a gain of 0.82%. Chevron (NYSE:CVX) has awarded 0,80%, EOG Resources has made 2,15%, and ConocoPhillips (NYSE:COP) rose 1.31%.
The price of crude to american light and Brent, respectively, have exceeded the 60 and 66 dollars per barrel, for the first time since June 2015, after the announcement of the explosion of a pipeline in Libya.
The compartment of the distribution has taken on 0,63%. Kohl’s has jumped 5.98%, JC Penney of 5.41% and macy’s of 4.60%, according to a report from Mastercard reported a rise in sales of 4.9% between November and Christmas eve, the highest annual growth seen since 2011.
In the health sector, Sucampo Pharma has gained 5.88 percent, after the announcement of its acquisition by Mallinckrodt (NYSE:MNK) for $ 1.2 billion (one billion euros), debt included.
Some 4.03 billion shares were traded on the us markets, the volumes are the weakest of the year for an comprehensive session. The average on the last 20 sessions is $ 6.9 billion.
“The markets are going to be idling most of the week. A market will stay within a margin of fluctuation close, we could have a constructive training session or a session in the negative, but nothing exciting,” said Peter Cardillo, chief economist at First Standard Financial in New York.
The stock exchanges in Europe will resume them on Wednesday.
THE BITCOIN REVIVED WITH $16.000
On the foreign exchange market, the dollar slightly retreated against a basket of currencies of reference.
For its part, the bitcoin has rebounded by 15% on the platform Bitstamp, again exceeding the $ 16,000 to recover from its worst performance week since 2013 charged last week.
On the front bond, the yield on Treasuries to two years of age reached a peak of nine years, to 1,916% with an award major titles despite the fact that few stakeholders are present during this holiday season.
The performance of Treasuries in five years, rose to 2,263%, its highest level since April 12, 2011.
The gold won by his side 0,69%, 1.283,68 dollars per ounce after having touched a peak since the 1st of December to 1.283, $ 72.
(With Sruthi Shankar, Catherine Mallebay-Vacqueur for the French service)