(News Bulletin 247) – The New York Stock Exchange struggled to find its way up on Friday after a PMI index that was nevertheless reassuring for the American economy: the Dow Jones gained around 0.1% to 33,809 points, as did the Nasdaq Composite at 12072 points.

At the beginning of the session, the composite PMI index of the United States was announced at 53.5 in flash estimate – a high of 11 months -, against 52.3 the previous month, reflecting an acceleration of the expansion of the sector. private.

‘Stronger demand conditions support stronger growth in April, but also bring renewed inflation dynamics,’ said S&P Global, which calculated this activity index.

‘Resilience could encourage the Fed to proceed with further rate hikes,’ said ABN Amro Investment Solutions. ‘The market now expects a 25 basis point rate hike, with a 90% probability, at the next meeting’.

This PMI index, rather in favor of a new monetary tightening, could encourage investors to catch their breath after the rebound in equity indices since mid-March, especially since the few company publications of the day received mixed receptions.

Thus, Procter & Gamble gained 3.5% after raising its growth forecast for 2023 thanks to the strength of its selling prices, but SLB (ex-Schlumberger) fell by 4.2% despite an initial solid quarter for the oil services group.

Also in the news of values, Biogen took 1.3% after the presentation of new data relating to its offer of treatments against multiple sclerosis at the annual meeting of the American Academy of Neurology.

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