(Reuters) -The New York Stock Exchange finished in order dispersed Friday after its records of the day before, with an increased NASDAQ thanks to Microsoft and Tesla as well as to reinforced hopes of a drop in the rates of the Federal Reserve (Fed).
The Dow Jones index sold 0.59%, or 273.78 points, to 45,834.22 points. Standard & Poor’s 500, wider, lost 3.18 points, -0.05%, to 6,584.29 points. The Nasdaq Composite won 98.03 points, or 0.45%, at 22,141,103 points.
The three indices sign a good weekly increase – more than 1.5% for the S&P, 2% for the Nasdaq and almost 1% for the Dow Jones – while a series of inexpensive data, such as the disappointing figures for the creation of jobs in August or the sharp decline in household morale in September, convinced investors that the federal reserve will decide on its key rates will decide on Wednesday support the economy.
The markets largely anticipate a decrease of 25 basic points and now expect two other drops of the same scale in 2025, one at each remaining Fed meeting this year.
“After the high rise yesterday in the markets, investors took the time to blow,” said Sam Stovall, chief strategist at Cfra Research. “There will not be really any published data from here (the outcome of the Fed meeting) on ​​Wednesday. There is a form of wait -and -see.”
On the values ​​side, Microsoft (+1.76%) ended up sharply after having escaped a heavy fine of the European Union, the commission having accepted the remedies proposed by the IT giant to solve the competition problems linked to its Teams platform.
Tesla jumped 7.35% after a declaration by the president of her board of directors, Robyn Denholm, minimizing the impact of Elon Musk’s political activity on sales of the electric vehicle manufacturer and ensuring that the CEO is now fully back to business. The Tesla action remains down approximately 2% in 2025.
(Written by Purevi Agarwal and Ragini Mathur in Bangalore and Noel Randewich in San Francisco; Tangi Salaün)
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