(Reuters) -The New York Stock Exchange opened without direction Friday after the record levels reached during the previous session, but it should record a weekly gain thanks to the hopes reinforced with a drop in interest rates by the Federal Reserve (Fed).
In the first exchanges, the Dow Jones index lost 99.84 points, or 0.22% to 46,008.16 points and the Standard & Poor’s 500, wider, fell from 0.03% to 6,585.19 points.
The Nasdaq Composite takes 0.18% or 40.41 points, at 22,083.49 points.
The main indices of the New York Stock Exchange hesitates Friday after reaching records the day before, investors being almost certain that the central bank will resume in September its interest rate reductions, which it had suspended in January due to the uncertainty surrounding the trade policy of the White House.
A series of data inexpensive on the job market, in particular the disappointing figures on the creation of jobs in August, ended up convincing investors that the Fed will opt for next week for a monetary relaxation in order to give a respite to the economy.
The markets largely anticipate a decrease of 25 base next Wednesday, but bets increased in favor of an even greater reduction, of 50 base points, currently estimated at a probability of 7.5%, according to the Fedwatch tool of the CME.
The operators are now expecting three decreases of 25 base points in 2025, one at each remaining Fed meeting this year.
The latest major indicator of the week’s program is the University of Michigan confidence index, which will be published at 2:00 p.m. GMT.
At the values, Warner Bros Discovery advances 6.7%, continuing the gain of more than 28% recorded on Wednesday, while a source told Reuters that Paramount Skydance prepared a purchase offer for the famous Hollywood studio.
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(Written by Diana Mandiá, edited by Blandine Hénault)
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