PARIS (Reuters) – The New York Stock Exchange hesitates at the opening on Thursday, the indices exposed to technology welcoming the good results of Tesla, while American bond yields decline slightly.
In early trading, the Dow Jones index lost 105.74 points, or 0.25% to 42,409.21 points and the broader Standard & Poor’s 500 rose 0.27% to 5,813.25 points. The Nasdaq Composite takes 0.59% or 107.50 points, to 18,384.155.
Tesla’s good figures, published on Wednesday, support the indices exposed to technology.
The group, one of the “Magnificent Seven” with leading capitalization and performance, reported adjusted earnings of 72 cents per share in the third quarter, beating an average estimate of 58 cents.
The group jumped 14% at the opening.
The decline in US yields also benefits risky assets, with the 10-year yield closing Wednesday at its highest since the end of July.
Uncertainty around the US elections is helping to support returns on these assets, as a victory for Donald Trump, the Republican candidate, is seen as likely by markets.
Its inflationary program is forcing investors to revise downward their expectations of rate cuts, supporting yields on sovereign securities.
In terms of values, IBM fell by 5.7% after publishing figures on Wednesday considered disappointing by investors.
(Written by Corentin Chappron, edited by Kate Entringer)
Copyright © 2024 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.
