[ad_1]
The New York Stock Exchange ended in green Tuesday after an indecisive session, encouraged by the hope of easing trade tensions between Washington and Beijing.
Wall Street's flagship index, the Dow Jones Industrial Average, gained 0.44% to finish at 24,748.73 points.
The Nasdaq index, with strong technological coloration, appreciated by 0.01% to close at 7,082.70 points.
The broad S & P 500 index gained 0.33% to finish at 2,682.20 points.
Investors had initially welcomed fresh statements by US President Donald Trump, signaling his willingness to maintain a firm stance against Beijing, just days before a G20 summit where he will meet his Chinese counterpart, Xi Jinping.
But "market players have finally seen a new negotiating tactic from Donald Trump," according to LBBW's Karl Haeling.
This impression was reinforced when his chief economic advisor, Larry Kudlow, said that the US president believed that there was a "good chance" to reach a trade agreement with China, under certain conditions.
"Even if the possibility of a real lasting agreement between Washington and Beijing seems to be dwindling, the market seems to be preparing for at least a symbolic deal," Haeling said.
– Trump threatens GM –
What the White House tenant said influenced the actions of two companies.
Apple on the one hand yielded 0.22% while Mr. Trump said Monday night that he could eventually go as far as taxing iPhone or laptops made in China.
General Motors also increased its losses (-2.55%) when the president threatened to "remove all subsidies" granted to the automaker the day after the announcement of the removal of thousands of jobs.
His competitor Ford dropped 1.28%.
Remarks by US Central Bank Vice-President Richard Clarida have been received with caution.
While highlighting the strength of the economy, he also insisted, at a conference in New York, the need to rely on indicators to adjust future decisions of the Central Bank.
"It's as if he wanted to both perpetuate the Monetary Policy Committee's speech in favor of a gradual rise in rates while leaving the door open to a possible slowdown," Haeling said.
In the bond market, the US 10-year debt rate rose to 21.40 GMT to 3.058%, against 3.054% Monday at the close, and the 30 years to 3.316%, against 3.311% the day before.
On the indicators side, US consumer confidence eroded in November but remains at historically high levels, according to the index released Tuesday by the Conference Board.
Among other values of the day, United Technologies fell by 4.14% after announcing Monday night its intention to split into three independent companies, dedicated to aerospace, elevators and air conditioning and safety equipment for construction .
Pharmaceutical group Bristol-Meyers Squibb lost 3.00% after reporting the failure of a Phase III clinical trial combining two of its products in the treatment of non-small cell cancer.
© 2018 AFP
Source link
