After opening trade, the main index, the Dow Jones industrial index, rose 0.05%, the technology-based Nasdaq gained 0.47% and the broad S&P 500 index – the main investor benchmark – rose 0.25 %.
In the session on Friday Wall Streetclosed with mixed results: the Dow Jones gained a marginal 0.07% closing at 34,500.66 points, the Nasdaq lost 0.20% to 13,290.78 units and the S&P 500 ended almost stable (-0.01%). at 4,369.71 points.
Rates on 10-year bonds hit 4.30% in midweek and retreated to just 4.25% on Friday, in a stock market that suffers as yields on mandatory securities rise and become tempting for investors. looking for less volatility.
“It was a tough week,” acknowledged Tom Cahill of Ventura Wealth Management.
“A lot of investors looked at bond prices on Friday, saw they were getting a little attractive and bought, which pushed down yields on Wall Street and that was good for stocks,” he explained. the analyst.
The rise in rates that marked the week was caused by the strict attitude of the Federal Reserve (Fed, central bank), reflected in the extracts of the minutes of its last meeting of monetary policy, published on Wednesday.
Alphabet thus closed with a fall of 1.80%, Meta of 0.65%, Tesla of 1.70%.
This week markets await speeches by Fed head Jerome Powell and his European Central Bank (ECB) peer Christine Lagarde.
FOUNTAIN: With information from AFP
