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New York – Wall Street finished in disarray Monday as energy companies suffered from falling oil prices in a market however confident about the results of companies coming this week.
According to final closing results, the Dow Jones Industrial Average index advanced 0.18% to 25,064.36 points.
The Nasdaq, with a strong technological component, lost 0.26% to 7,805.72 points.
The expanded S & P 500 index dropped 0.10% to $ 2,798.43.
" The fall in oil prices has put a lot of pressure on the values of the energy sector ", said Peter Cardillo of Spartan Capital, the price of crude quoted in New York having lost 2 , 95 dollars on the session.
The two US oil majors ExxonMobil and Chevron respectively lost 0.98% and 0.85% and energy stocks grouped in the S & P 500 index dropped on average 1.18% .
Financial stocks within the same index, on the other hand, experienced the largest increase in the eleven sub-sectors that make it up, with + 1.80%.
They were helped by the jump in Bank of America (+ 4.31%) which unveiled Monday better than expected results in the second quarter, taking advantage in particular of a seventh rate hike of the Federal Reserve (Fed ) pbaded on to households and weak fiscal slate.
These results have sparked investor optimism as a burst of corporate earnings is expected to be released this week, including Goldman Sachs, American Express, IBM, Microsoft and General Electric.
– Boeing monte –
At the macroeconomic level, the markets also welcomed retail sales for June, in line with badysts' expectations.
In the opinion of several market players, the meeting between Donald Trump and Vladimir Putin in Finland has not affected the indices one way or the other.
The bond market was getting tense: around 8:50 pm GMT the yield on the 10-year US debt rose to 2,851%, against 2,827% on Friday at the end of the year, and the one at 30 years advanced to 2,958%, against 2,932% at the previous one closing.
Among the values of the day, Goldman Sachs took 2.22% to 231.44 dollars. The group is expected to name Tuesday David Solomon, 56, a banker, new CEO, replacing Lloyd Blankfein, on the occasion of the publication of its quarterly results, said Monday to AFP a source familiar with the matter.
Boeing gained 1.51% to 356.10 dollars. At the Farnborough Air Show, near London, the American aircraft manufacturer announced orders for nineteen 777 long-haul aircraft (including 14 by DHL) as well as 125 737 MAX aircraft (including 30 by the American aircraft leasing company Jackson Square Aviation), for a total amount at a list price of $ 24.4 billion.
Comcast advanced 0.78% to 34.97 dollars. The cable operator would not bother on Disney (+ 0.18% to 110.20 dollars) in order to acquire badets of Twenty Century Fox (-1.79% to 46.71 dollars), according to the US financial channel CNBC, preferring to focus on buying the UK television group Sky.
Netflix rose 1.18% to $ 400.48 while the release of its results was expected after the session.
NYSE
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