PARIS (Reuters) – Two of the three main indices on the New York Stock Exchange opened on Thursday, optimism on new drops in the American Federal Reserve (Fed) winning it on the “Shutdown” of the Federal Administration which entered its second day.

In the first exchanges, the Dow Jones index lost 6.46 points, or 0.01%, at 46,434.64 points.

Standard & Poor’s 500, larger, increased by 13.30 points, or 0.20%, to 6,724.50 points, affecting a record.

The Nasdaq Composite takes 130.10 points, or 0.57%, at 22,885.26 points, after having also reached a new summit.

The latest investigation of the ADP, in the absence of official indicators which can no longer be published after the partial closure of the activities of the American federal administration, has revived the prospect of a new monetary easing.

This survey shows that the private sector in the United States destroyed 32,000 jobs last month, after -3,000 in August, confirming fears of a degradation of the labor market.

The labor market is an essential element of the Fed double mandate, which, according to traders, should reduce its rates by 25 base points at its next monetary policy meeting.

Weekly unemployed registrations in the United States, scheduled for Thursday, could not be published, and the official report of the labor department, unemployment and wages, scheduled for Friday, should also not go out, the administration being paralyzed by partisan divisions.

“The more the Shutdown will last, the more the Fed will be inclined to continue to lower its rates,” predicts Art Hogan, chief strategist markets at B. Riley Wealth.

In the absence of official indicators, investors fall back on alternative sources. US employers have announced less layoffs in September, but job plans since the start of the year have been the lowest since 2009, shows a report by the Challenger cabinet, Gray & Christmas, published Thursday.

At the values, Tesla advances by 1.74%, deliveries of the American automaker as the third quarter that has exceeded the expectations of analysts.

Advanced Micro Devices takes 2.9 % after information that Intel is in preliminary discussions to add AMD as a customer of its foundry.

The actions of the US manufacturers of fleas increases, extending the world rally on artificial intelligence while Samsung and SK Hynix concluded a framework agreement for the supply of fleas to Openai within the framework of the Stargate project.

Nvidia wins 0.85%, Broadcom 1.4%, Advanced Micro Devices 1.7%and Qualcomm 0.91%.

(Written by Claude Chendjou, edited by Kate Entringer)

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