PARIS (Reuters) – The New York Stock Exchange opened mixed on Monday as investors positioned themselves for fresh data after a flurry of comments from policymakers.
In early trading, the Dow Jones index was stable at 42,077.33 points and the broader Standard & Poor’s 500 was up 0.19% at 5,713.55 points.
The Nasdaq Composite gained 0.25% or 45.39 points to 17,993.713.
US PMI indicators will be published on Monday at 13:45 GMT, indicators usually considered to be second-rate, but which take on particular importance after the latest decision by the Federal Reserve.
The central bank, which surprised observers by lowering its key interest rates by 50 basis points on Wednesday, stressed that risks on the labor markets were increasing.
The next data will therefore be scrutinized by investors, who will be looking for the slightest sign of recession.
PCE inflation for August is also expected on Friday.
Minneapolis Fed President Neel Kashkari said Monday that the Fed’s latest decision was the right one, while Atlanta Fed President Raphael Bostic said monetary policy normalization should come faster than expected as the economy moves closer to its long-term trends.
In terms of values, Intel gained 2.6%, the group having been approached by Qualcomm in recent days for a possible takeover, while Apollo Global AM proposed to invest 5 billion dollars in the chip manufacturer.
(Written by Corentin Chappron, edited by Sophie Louet)
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