The Dow Jones index concluded with a jump of 2.47% to 31,802.56 points, rising above 31,000 points for the first time in a month.

The Nasdaq, with strong technological coloring, rose by 2.31% to 10,859.71 points and the S&P 500 by 2.37% to 3,752.75 points.

The indices had briefly started in the red then progressed slightly before accelerating sharply in the second part of the session.

"Wall Street banged the buy button after reports that the Fed would soon be ready to discuss how to slow the pace of monetary tightening after the November FOMC meeting," Edward summed up. Moya from Oanda.

Mary Daly, the president of the regional branch of the Central Bank of San Francisco, thus threw a stone into the pond on Friday: "we could end up with a new increase of 75 basis points" at the next meeting on November 2 , as markets expect, she conceded, "but I would advise people not to discount it being 75 basis points forever."

"We have to make sure that we do everything in our power not to tighten (rates) too much and we can't go back up too quickly and say, it's over," she added during the interview. a conversation at the University of Berkeley broadcast on the central bank's website.

This new planned increase of three quarters of a percentage point in the rates on the federal funds would be the fourth in a row.

A Wall Street Journal article also echoed Fed officials reportedly beginning to signal a desire to slow rate hikes and halt them early next year to see how activity fares. economic.

Thus bond yields calmed down towards the middle of the session "following information according to which the Fed could decide on a lower rate hike" during its last monetary meeting of the year, the December 13 and 14, noted Wells Fargo analysts.

The retreating dollar

The rate on 10-year Treasury bonds eased to 4.21% instead of 4.30% in the morning.

Those at 30 years, which condition in particular mortgages, fell back to 4.31% instead of 4.36% earlier.

The dollar on the upward slope at the start of the session faltered sharply around 8:00 p.m. GMT: -0.94% to 111.82 points for the Dollar index which compares the greenback to a basket of currencies.

Rumors of Japanese intervention overnight to support the yen against the dollar by selling US Treasuries also played a role.

On the side, Twitter fell 4.94% to 49.90 dollars, weighed down by information likely to affect the takeover of the social network by Elon Musk.

According to a Bloomberg report, the Biden administration is considering subjecting the Tesla boss' takeover bid to a national security review.

The US government is reportedly concerned about the presence of foreign investors, including Saudi prince and businessman Al-Walid bin Talal and Qatar's sovereign wealth fund, in the consortium from which Mr Musk has secured more than $7 billion. dollars to finance his operation.

Tesla advanced 3.45% to $214.44.

Snap, the parent company of the Snapchat app, plunged 28.13% to $7.76 after reporting its weakest quarterly sales growth.

The company had already announced this summer the elimination of 20% of its workforce.

Member of the Dow Jones, American Express sold 1.61% despite an increase in its turnover and its quarterly profit.

The group has put more money aside in case consumers' economic situation deteriorates.

Covid vaccine makers Moderna (+8.40%), Novavax (+12.57%) and Pfizer (+4.80%) jumped after strong analyst ratings.

All sectors were in the green, driven by materials (+3.46%), banks and non-essential consumer spending (+2.92%).

Over the week, despite two sessions at half mast, the three indices had increased: 4.89% for the Dow Jones, 5.22% for the Nasdaq and 4.73% for the broader S&P 500 index.

© 2022 AFP