Wall Street: investors catch their breath
In late morning trading, the Dow Jones continued its recent upward trend, gaining 0.4% to 44,352.6 points, while the Nasdaq consolidated by 0.2% to 19,959.6 points.959.6 points.
The S&P 500 nibbled less than 0.1% to 6,092.1 points, below its record high of 6,100 points set yesterday.
The announcement of the launch of a gigantic investment plan dedicated to AI had boosted the technology sector on Wednesday, enabling the main New York indices to close with notable gains.
After the sharp rebound of the past few days, however, investors are preferring to play it safe today, especially in view of the barrage of high-profile results that will punctuate the coming week, not to mention the Fed meeting.
Investors are also concerned about the possibility of a return to a trade war, with Donald Trump possibly implementing new tariffs against Canada, Mexico, China and the European Union.
In a strategy note, the teams at Asterès point out the "multiple contradictions" of the new American president.
It is difficult to predict the economic policy that Donald Trump will actually implement, as he will surely have to abandon certain measures and focus on only part of his announced objectives", the analysts point out.
Companies releasing their results remain the main drivers of the trend.
With gains of 7%, GE Aerospace is the biggest riser on the S&P 500 index after ending 2024 on a high note, with orders up 46% in the fourth quarter.
Electronic Arts is down 18% after reporting a disappointing outlook in its latest quarterly results.
On the currency markets, the euro confirmed its recent recovery, climbing back above $1.0415.
Benchmark bond yields tightened again, with the 10-year yield advancing more than four basis points above 4.64%.
Oil prices are back on the decline as we await the release of US weekly inventory figures in less than half an hour.
Light American crude (WTI) is trading at around $74.7 a barrel, down almost 1%.
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