PARIS (Reuters) – American stock markets opened slightly higher on Monday on Wall Street, in a wait-and-see context before the publication this week of a series of indicators.
In early trading, the Dow Jones index gained 43.10 points, or 0.12% to 37,348.26 points and the broader Standard & Poor’s 500 rose 0.29% to 4,733.06 points. The Nasdaq Composite takes 0.16% or 24.24 points, to 14,838.157.
Markets remain supported by the Federal Reserve’s latest monetary policy decision, taken on Wednesday, with the central bank indicating that its key rate had reached its peak, or was close to it.
Data to be released this week could help investors narrow their bets on when the first rate cut will occur: swap markets are betting on two 25 basis point cuts by June 2024.
Among the indicators this week are expected the number of new housing constructions on Tuesday, consumer confidence on Wednesday, the final GDP for the third quarter on Thursday and, on Friday, PCE inflation, consumption of durable goods and the index of Definite Michigan feeling.
In values, Adobe takes 1.8% after the group and Figma decided to abandon their $20 billion merger announced in September last year.
More Chinese public agencies and state-owned enterprises across the country have asked their staff not to bring iPhones and other devices from foreign groups to work, Bloomberg reported Friday. , which pushes Apple down 0.7%.
(Written by Corentin Chappron)
Copyright © 2023 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
