Wall Street ends up supported by defensives


PARIS (Reuters) – The New York Stock Exchange ended higher on Thursday, as growth in sectors deemed defensive took precedence over concerns about the risk of recession.

The Dow Jones Industrial Average gained 0.64%, or 194.23 points, to 30,677.36 points.

The broader S&P-500 gained 35.84 points, or 0.95%, to 3,795.73 points.

The Nasdaq Composite advanced for its part by 179.11 points (1.62%) to 11,232.19 points.

In values, securities perceived as more resistant to economic hazards have been able to hold their own, large-cap technology in particular, as evidenced by the increases of 2.26% and 2.16% signed respectively by Microsoft and Apple.

The same causes produced the same effects on stocks linked to the health sector, real estate and even community services.

Conversely, groups linked to energy, which are very sensitive to inflationary risks, suffered heavy losses.

The dollar was up 0.18% against a basket of currencies a few minutes after the close of Wall Street, while the euro stood at 1.0522 dollars (-0.41%).

On the bond market, ten-year paper [US10YT=RR] fell 6.9 basis points to settle at 3.087%. His five-year-old counterpart [US10YT=RR]fell 8.4 basis points to 3.143%.

On the oil market, WTI stood at $104.06 (-2.00%) and Brent at $109.79 (-1.72%).

(Nicolas Delam)


Source: Challenges en temps réel : accueil by www.challenges.fr.

*The article has been translated based on the content of Challenges en temps réel : accueil by www.challenges.fr. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!