PARIS (Reuters) – The New York Stock Exchange opened in dispersed order on Thursday, the journey at the Congress of the Donald Trump budget project continuing to arouse questions, while relaxation in the bond compartment offers some actions a little respite.
In the first exchanges, the Dow Jones index loses 101.09 points, or 0.24%, at 41,759.35 points.
The larger Standard & Poor’s 500 abandons 7.30 points, or 0.12%, to 5,837.31 points.
The Nasdaq Composite advances 12.65 points, or 0.07%, at 18,885.30 points.
The vast bill on tax cuts and budget cuts in the United States defended by Donald Trump, which strongly divides the Republican Party, was adopted extremely accurate Thursday by the House of Representatives, which will now transmit it to the Senate.
If this first important step constitutes a victory for Donald Trump and partially allows to remove uncertainty on this text, the market also notes that it should add about $ 3.8 billion to the debt of 36,200 dollars of the federal government in the next decade, according to the Congressal Budget Office, a non -partisan organization.
“Despite all the efforts made by the administration to reduce public spending and the overall level of the debt, it seems that this bill will fundamentally cancel everything that has been done,” notes Sam Stovall, investment strategist chief at CFRA Research.
The three main stock market indices in New York recorded their strongest percentage decreases on a single session for a month, while the yields of treasury vouchers have soaked due to the concerns about the outbreak of American debt.
Thursday, the appeasement of tensions in the bond, with an American ten years US10YT = RR at 4.5926%, supports the NASDAQ and the growth values.
Alphabet takes more than 2%, Microsoft almost 1%and Nvidia 0.6%.
Snowflake jumps by 10%, the Cloud Computing specialist having raised his product income forecast for financial year 2026, betting on a high demand for his data analysis services while companies give priority to artificial intelligence expenses (IA).
The cryptoactive sector is well oriented with Coinbase which earns 2.78%, Strategy 3.69%and Mara Holdings 4.92%, while Bitcoin hit a record at 111,862 dollars on Thursday.
(Written by Claude Chendjou, edited by Blandine Hénault)
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