PARIS (Reuters) – The New York Stock Exchange opened higher on Thursday after falling the day before, on the back of well-received results from Walmart and Cisco, although questions remain about the trajectory of interest rates in the United States. United.
In early trading, the Dow Jones index gained 0.24% to 34,848.50 points and the broader Standard & Poor’s 500 rose 0.25% to 4,415.29 points.
The Nasdaq Composite takes 0.15% to 13,495.38 points.
All three indexes ended lower on Wednesday after the release of the minutes of the Federal Reserve’s July monetary policy meeting showing that US central bank officials were still determined to fight inflation.
Market participants’ likelihood of a pause in rate hikes in September fell to 86.5% from 89% a week earlier, according to CME’s Fedwatch poll.
In values, Walmart advances by 0.9% after announcing better than expected quarterly results as well as an increase in its annual forecasts.
Cisco gained 4.5% after encouraging statements from management about the opportunities created by artificial intelligence eclipsed a forecast of full-year revenue below expectations.
CVS Health Corp drops 7.7% after insurer Blue Shield of California announced to drop the US group as a pharmaceutical benefits manager to work with Amazon (+0.2%) and others to reduce drug costs for its customers.
The other major insurers, UnitedHealth and Cigna, fell 1.1% and 5.7% respectively.
(Written by Blandine Hénault, edited by Bertrand Boucey)
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