PARIS (Reuters) – American stock markets advance on Tuesday on Wall Street in a wait-and-see context, at the start of a busy week in publications and indicators.
In early trading, the Dow Jones index gained 170.28 points, or 0.52% to 33,106.69 points and the broader Standard & Poor’s 500 rose 0.50% to 4,238.23 points. The Nasdaq Composite takes 0.57% or 74.17 points, to 13,092.501.
Risky assets are catching their breath after falling under the double pressure of the American 10-year, whose yields reached a record since 2007 at the start of the week, and the geopolitical uncertainty which has rocked the markets since the Hamas attacks against Israel on October 7.
Risk appetite nevertheless remains limited, in an uncertain context.
The week will indeed be marked by the publication of GDP in the third quarter on Thursday, PCE inflation – the Federal Reserve’s favorite indicator of price dynamics – on Friday, and results from many companies this week, including Microsoft and Alphabet after the close on Tuesday.
The prospect of the next Fed meeting on November 1 adds to investors’ concerns, even if they expect rates to remain at their current levels.
In terms of values, General Motors lost 3.25% after mentioning a significant impact of strikes in the automobile sector, despite better than expected performance in the third quarter.
Coca-Cola gained 2.63% after indicating that it now expected organic growth in its turnover of 10% to 11% for the whole year, compared to 8% to 9% previously forecast.
(Written by Corentin Chappron, edited by Jean-Stéphane Brosse)
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