Wall Street finishes up slightly, the Nasdaq to a record

The New York Stock Exchange finished slightly higher Tuesday, the rise of Facebook allowing the Nasdaq to pick a new record in a market rather on the reserve pending new information on the trade.

Wall Street's flagship index, the Dow Jones Industrial Average, finished at the same level as the day before, at 27,691.49 points.

The Nasdaq, with its strong technological color, appreciated by 0.26% to 8,486.09 points and the expanded index S & P 500, which represents the 500 largest companies listed on Wall Street, from 0.16% to 3.091, 84 points.

The Nasdaq has notably benefited from the 2.56% increase Facebook, which launched Tuesday in the United States its payment service “Facebook Pay”. Built on features already existing on its various applications, it must allow to pay for products directly on Facebook or Instagram, but also to send money to his friends via Messenger.

Trade remained in a limited range on the New York Stock Exchange. Investors were waiting for a speech on the economy of US President Donald Trump, who did not give much details on the trade front.

The US President praised the good economic health of the United States without bringing any new elements on the progress of the negotiations with China and without revealing its decision on the possible imposition of customs duties in the automotive sector which must intervene this week.

Investors also remain behind waiting for hearings Wednesday and Thursday before parliamentary committees of the president of the US central bank, Jerome Powell.

“We are in a period where we now have to wait until December to know the next Federal Reserve decisions,” said CFRA's Sam Stovall. “We are also waiting to know if we will have a trade agreement (with China) and we must now wait until January to get a better idea of ​​the health of corporate profits throughout the year,” he said. -he adds.

“At the moment, investors are still hoping the S & P 500 and the Dow Jones will reach new records by the end of the year, while wondering when exactly the indices will pause to digest this progression,” said the analyst. .

On the bond market, the 10-year rate on the US debt fell slightly to 1.916% against 1.942% Friday at the close, the bond market remained closed Monday on the occasion of Veterans Day.


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