PARIS (Reuters) – The New York Stock Exchange is moving in dispersed order on Friday shortly after the opening, less than a week before the Federal Reserve’s monetary policy statement.

In early trading, the Dow Jones index lost 35.83 points, or 0.11%, to 33,797.78 points and the Standard & Poor’s 500 advanced 0.20% to 4,302.54 points.

The Nasdaq Composite gained 0.52%, or 69.287 points, to 13,307.811.

The S&P-500 entered a bull market on Thursday, defined by a 20% rise from a recent low.

The benchmark index for investors and the Nasdaq have reached their highest level since the start of the year in recent sessions, driven by the rise in stocks focused on artificial intelligence, by corporate results that outperform expectations and the prospect of a pause by the Fed in raising its interest rates.

According to the CME Group’s Fedwatch Barometer, the probability that the Fed will maintain the federal funds rate target at 5%-5.25% next Wednesday is 72%. But traders believe there is a one in two chance it will raise rates by a quarter point in July.

“We expect a final uptick in this cycle in July. We expect weaker activity and employment data to lead to a more sustained pause in September, before a first dip in March 2024,” analysts said. BNP Paribas economists.

In values, the electric vehicle manufacturer Tesla gained 5.14%, the highest in eight months, after having entered into an agreement with Ford (+3.08%), which will allow the latter’s customers to access its network. of Superchargers in North America.

Netflix takes 2.08% following information from the Wall Street Journal on the increase in subscriptions to the platform despite restrictions on password sharing.

(Laetitia Volga, editing by Kate Entringer)

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