by David French
NEW YORK (Reuters) – The New York Stock Exchange ended higher on Thursday, with the S&P-500 rebounding after four consecutive sessions in the red, as investors continued to question the impact of the Reserve’s monetary policy federal government (Fed) on the US economy.
The Dow Jones Industrial Average gained 0.33%, or 108.82 points, to 33,153.91 points.
The broader S&P-500 gained 21.27 points, or 0.53%, to 4,012.32 points.
The Nasdaq Composite advanced for its part by 83.33 points (0.72%) to 11,590.40 points.
In sharp decline in 2022, major Wall Street indices are off to a volatile start to the year, trending lower this month after rebounding in January amid uncertainty over future rate hikes. the Fed.
Investors are juggling recent conservative comments from US central bank officials with data pointing to the resilience of the US economy.
A report from the US Department of Labor released in the day shows that the number of weekly jobless claims fell unexpectedly, illustrating the health of the labor market.
In addition, a new government estimate indicates that the US economy grew by 2.7% in the fourth quarter of 2022, against a consensus of +2.9%.
“There are many currents in completely different directions. It is difficult to rely on one or two elements,” commented Jack Janasiewicz, strategist at Natixis Investment Managers Solutions, believing that optimists and pessimists had food for thought. their divergent points of view. Seven of the major sectors of the S&P-500 ended the session in the green, notably energy, driven by the rise in oil prices.
Communication services declined for a fifth day in a row, weighed down by Netflix, which fell 3.4% after announcing a drop in the price of its subscription in around thirty countries.
On the other hand, solid quarterly results and better than expected forecasts from Nvidia reassured investors. Other semiconductor makers, including Broadcom and Qualcomm, also ended the session higher. Nvidia recorded a 14% increase.
eBay fell 5.2%, a decline not seen since last September, after warning about demand in the first half. Moderna ended at its lowest closing level since last November, despite fourth-quarter sales beating expectations.
* The reminder of the session in Europe: [.EUFR]
* TO FOLLOW Friday:
( Jean Terzian)
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