by David French
NEW YORK (Reuters) – The New York Stock Exchange ended in mixed order on Thursday, at the end of a session without any real catalyst and without major movements the day after Christmas, while the rise in bond yields weighed on certain major technological stocks.
The Dow Jones index gained 0.07%, or 28.77 points, to 43,325.80 points.
The broader S&P-500 lost 2.45 points, or 0.04%, to 6,037.59 points.
The Nasdaq Composite fell 10.77 points (0.05%) to 20,020.36 points.
While the S&P-500 and the Nasdaq fell into the red, the Dow Jones recorded its fifth consecutive session in the green.
The yield on ten-year US Treasury bonds reached 4.64% during the session, its highest since last May.
This is a trajectory traditionally inverse to that of high-growth stocks. Among them, Tesla, Amazon and Meta Platforms declined.
Apple, on the other hand, ended up, continuing to get closer to a world-leading valuation of $4,000 billion.
Big tech stocks have taken Wall Street to multiple records this year, amid excitement around artificial intelligence (AI) and hopes for an easing of monetary policy from the US Federal Reserve (Fed ).
However, the main New York indices marked time this month, with investors wondering about the Fed’s decisions on rates in 2025 and the impact of Donald Trump’s return to the White House, whose electoral victory in early November caused the markets to jump.
Data published today showed that weekly unemployment claims in the United States fell to a one-month low, confirming the good performance of the labor market.
On the value side, note the decline in stocks linked to cryptocurrencies in the wake of the decline in bitcoin. MicroStrategy, MARA Holdings and Coinbase Global lost between 1.9% and 4.8%.
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(Written by Jean Terzian)
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