New York (AFP)
The New York Stock Exchange finished slightly higher Monday and beat the passage of new records, preparing quietly to get into the thick of the quarterly earnings season of companies.
The Wall Street index, the Dow Jones Industrial Average, gained 0.10% to finish at 27,358.82 points. The Nasdaq, with strong technological coloration, took 0.17% to 8,258.19 points. The broad S & P 500 index advanced 0.02% to 3,014.30 points.
The indices moved close to equilibrium during most of the session, a low volatility "due to the fact that it is on the one hand the summer and on the other hand, the place of Tokyo was closed , reducing the activity on the bond market ", remarks Karl Haeling from LBBW.
They settled in the green at the end of the session, allowing Wall Street to reach new levels after being doped last week by the prospect of seeing interest rates fall at the end of the month.
Investors are now turning their attention to the second quarter earnings season.
First major bank to reveal its figures, Citigroup yielded 0.08% to Wall Stret Monday after having yet reported results above expectations. But this performance is to be relativized because it is due in particular to an exceptional gain related to the IPO of TradeWeb, a company in which Citigroup had invested.
JPMorgan Chase, Goldman Sachs and Wells Fargo will follow on Tuesday, Bank of America and Morgan Stanley on Thursday.
Other highlights of the week include Johnson & Johnson and United Air Lines on Tuesday, Netflix and IBM on Wednesday, Microsoft and UnitedHealth on Thursday and American Express on Friday.
In the bond market, the interest rate on the ten-year US debt declined a little, to 2.092% against 2.122% the day before closing.
© 2019 AFP