The New York Stock Exchange is moving without any real trend on Thursday at the start of a session enlivened by a series of contrasting economic indicators, and as bond yields start to rise again.

At the end of the morning, the Dow Jones was down 0.1% at 37,214.7 points, but the Nasdaq Composite managed to bounce back, posting gains of over 1% at 15,011.9 points.214.7 points, but the Nasdaq Composite managed to bounce back, posting gains of over 1% to 15,011.9 points.

The day's statistics were rather contradictory, with an improvement in the Philly Fed index, which nevertheless remains in contraction territory, as does the Empire State, which was unveiled at the start of the week.

But the big surprise came in the form of jobless claims, which fell back to 187,000 last week, one of the lowest figures in 50 years and illustrating a situation of "full employment".

Investors know that the resilience of the labor market is likely to justify more intransigent rhetoric concerning a possible loosening of financial conditions on the part of the Fed.

While inflation figures are moving in the right direction, employment remains particularly solid, which compromises the prospect of a rapid rate cut by the institution.

According to CME's FedWatch tool, only 55% of traders now expect a 25bp rate cut on March 20, compared with over 70% last week.

With the revision of market participants' expectations, the yield on 10-year Treasuries continues to rise, above 4.12%, back to more than one-month highs.

The CBOE's VIX volatility index, a barometer of risk aversion which had yesterday broken through the 14.80-point barrier signifying the end of a complacent climate, fell this morning by 2.8 points below 14.4.

In terms of stocks, Apple climbed 2.8% in the wake of a buy upgrade by analysts at BofA, who see iPhone sales benefiting from the addition of AI-related functionalities.

Boeing also resumed its upward trajectory (+2.8%) following the signing of a contract with Akasa Air for a firm order of 150 737 MAX aircraft, in the midst of a crisis of confidence over the aircraft.

Birkenstock was heavily penalized, falling by more than 8% in the wake of a loss-making quarterly result and a disappointing outlook.

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