New York (AFP)

According to final results, the Dow Jones index concluded close to equilibrium at 35,603.08 points (-0.02%), the technology-intensive Nasdaq gained 0.62% to 15,215.70 points and the S&P 500 gained 0.30% to reach a new record of 4,549.78 points.

Seven of the eleven sectors of the S&P 500, the most representative index of the American market, concluded in the green, starting with the consumer products sector which includes automakers.

Tesla thus boosted the index, as well as that of the Nasdaq, while, on the strength of solid results, the electric car maker saw its stock jump 3.26% to reach the new high of 894 dollars.

Elon Musk's group, which announced its quarterly results after the close on Wednesday, posted revenue up 57% and profit of $ 1.6 billion, almost five-fold from a year ago earlier.

In contrast, IBM, which is part of the Dow Jones, led the index after a drastic drop of 9.56% to 128.33 dollars caused by disappointing quarterly results.

From July to September, the computer giant posted $ 1.1 billion in net profit, up from $ 1.7 billion a year ago at the same time.

American Airlines was hailed (+ 1.90% to 19.89 dollars) after better than expected results for the third quarter despite the gradual rise of the Delta variant of Covid-19 during the period, which slowed down the recovery air traffic.

Its rival United, which announced Tuesday an improvement in the accounts, even if it remains in losses without the occasional aid from the government, was also supported (+ 1.68% to 46.72 dollars).

The payment services group Paypal, which is said to be interested in the high-cost buyout of the social network Pinterest, was sanctioned (-5.86% to 243.21 dollars) while its rival Square has garnered 3.81% at $ 265.08.

The photo-sharing network Pinterest dropped 2.12% to $ 61.35.

Second test for WeWork

The specialist in shared offices WeWork made its IPO two years after an abortive IPO on the New York market and a saga with multiple twists that almost imploded the group.

Led by new managers, the company merged with the "SPAC" (Special purpose acquisition company) BowX, a very popular way to go public more easily.

Listed under the symbol WE, the title gained 13.49% to 11.78 dollars, while the title of the SPAC had closed at 10.38 dollars the day before.

This valued the company at more than $ 9 billion, unrelated to the $ 47 billion theoretical valuation targeted in January 2019.

Among the indicators, the news was good on the labor market side in the United States where weekly jobless claims continued to decline in mid-October, reaching a new low since the start of the pandemic.

Unemployment benefit claims were 290,000 last week, 6,000 less than the week before.

Analysts were betting on 303,000 requests.

These figures boosted the dollar, which started to rise again after a three-week low the day before, while the end of the year, the decrease in liquidity injections by the American Central Bank looms. (Fed).

Bond yields on 10-year Treasury bills rose sharply to 1.69% from 1.65% the day before.

© 2021 AFP