(News Bulletin 247) – Wall Street recovered strongly on Tuesday, thanks to indicators attesting to the resilience of the American economy. The Dow Jones gained about 0.6% to 33,927 points, while the Nasdaq Composite gained more than 1.6% to 13,556 points.
An encouraging signal for future consumption, the confidence of American households improved markedly in June, given the Conference Board index which came out at 109.7 this month, against 102.5 in May.
“Consumer confidence rose to its highest level since January 2022, reflecting improving current conditions and rising expectations,” said Dana Peterson, chief economist at The Conference Board.
Other data of the day, the Department of Commerce announced a 1.7% increase in durable goods orders (+0.6% excluding transport equipment), as well as a 12.2% jump in sales of new homes in the United States in May.
On the values front, Walgreens Boots Alliance fell 9.3% under the weight of a lowering by the drugstore chain of its adjusted EPS forecasts for the current financial year, on the occasion of its third accounting quarter.
Eli Lilly, on the other hand, gained 2.6% the day after the publication of new positive phase II data from retatrutide, the experimental molecule of the pharmaceutical laboratory studied for the treatment of obesity in adults.
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