Wall Street ends dispersed, erases most of its losses for the day

The New York Stock Exchange concluded the session on a nuanced note on Wednesday, after an opening at half-mast and the sudden rise in bond rates during the day.

The Dow Jones advanced 0.25%, the Nasdaq index finished close to balance and lost 0.06% while the broader S&P 500 index gained 0.16%.

The American market has experienced “ups and downs for most of the day”summarized with AFP Art Hogan, B. Riley Wealth Management.

Wall Street initially opened at half mast, having difficulty digesting the publication of a CNN article according to which Donald Trump would consider declaring a state of economic emergency to quickly increase customs duties.

In this context, bond rates gained speed: the yield on 10-year US government bonds rose to 1.73% during the session, before falling to 1.68%, at same level as the day before at the close.

Investors also kept an eye on the publication of the minutes (“minutes”) of the last meeting of the monetary committee of the American Central Bank (Fed).

“This largely confirmed the idea that the Fed is willing to take some time before cutting interest rates again”selon M. Hogan.

Participants at the December 17-18 meeting – which resulted in a further cut in key key rates by a quarter of a percentage point – expect to see inflation continue to approach their 2% target, according to the report.

In terms of indicators, private sector companies in the United States created fewer jobs than expected in December, and wage growth slowed, according to the monthly ADP/Stanford Lab survey published Wednesday.

Market participants are now awaiting the release of employment figures for December by the Bureau of Labor Statistics (BLS) on Friday.

American stock markets will be closed on Thursday, a day of national mourning in the United States to pay tribute to former President Jimmy Carter, who died on December 29 at the age of 100.

Elsewhere, Ebay jumped 9.86% after Meta announced it would allow some of the site’s listings to appear on the sales platform of its social network Facebook.

A test will first be launched in Germany, France and the United States and will allow users to “browse eBay listings directly on Facebook Marketplace while completing their transaction on eBay”announced Meta in a press release.

The energy group Edison International fell 10.18% on Wednesday, weighed down by uncertainties surrounding the forest fires in California.

Large operator of nuclear power plants in the United States, Constellation Energy lost ground (-4.61%) after the Bloomberg agency declared that the group was on the verge of acquiring Calpine, specialized in energy generation from factories using gas and geothermal energy.

This deal is estimated at $30 billion, according to Bloomberg.

Like Rigetti (-45.41%) and IonQ (-39%), the quantum computing sector collapsed after Nvidia boss Jensen Huang declared that quantum computers cannot would not be available for many years, during a meeting with market players on Tuesday.