(Washington) The New York Stock Exchange opened up on Monday, after its records of the past week, welcoming the latest developments in the trade negotiations between the United States and Canada.
Around 9:50 am (East time), the Dow Jones took 0.42 %, the NASDAQ index advanced by 0.19 %and the enlarged S&P 500 index of 0.21 %.
“The market seeks to extend its Friday earnings, which allowed [aux indices] to reach new historical records, ”explain analysts from Briefing.com.
Friday, the S&P 500 and the Nasdaq both exceeded their highest historic level at the end. The two clues had dropped more than 12 % in just a few sessions after Donald Trump decided to impose all -out customs duties in April.
The start of the week at Wall Street is also marked by “a better feeling of trade, especially with regard to Canada,” notes with AFP Art Hogan, by B. Riley Wealth Management.
Ottawa announced on Sunday to cancel a tax targeting the “tech” giants in the hope of reaching a trade agreement with the United States, and the resumption of negotiations in this sense broken two days earlier by the American president.
This “more favorable commercial tone” is “positive” for the market, sums up Mr. Hogan.
The companies that were to be affected by this tax evolved in the green: Meta (Facebook, Instagram) took 1.05 % at 741.34 dollars, alphabet – the mother house of Google – won 0.39 % to 179.23 dollars, and Microsoft advanced from 0.30 % to 497.41 dollars.
Investors will also monitor the Donald Trump budgetary bill, which could be adopted on Monday by American senators after passing by the House of Representatives.
The Congress’s Budget Office, responsible for non -supported the impact of public finance bills, estimated on Sunday that this “Big Beautiful Bill” would increase public debt by more than $ 3000 billion by 2034.
“There is still a lot of work to do before this text arrives on the office of the American president,” said Hogan. The parliamentary shuttle must bring it back to the lower room to approve the revised version.
In terms of indicators, data on manufacturing activity in the United States will be published on Tuesday and the employment report is expected for Thursday.
In Wall Street, the week will also be shortened by a public holiday on Friday (Independence Day).
On the bond market, the yield of American state loans at 10 years was slightly relaxed, at 4.26 %, against 4.28 % on Friday at the end.
Elsewhere, on the table of values, the American biotechnology company Moderna was shining (+4.71 % at 28.44 dollars) after having published positive results for its clinical trial on a vaccine against seasonal flu, a new step in its combined Vaccine ProLon Vaccine and COVI-19, she announced on Monday.
The financial sector was on the rise after the “stress tests” of the Federal Reserve (Fed), which have shown that the main American banks can resist a “serious recession” in the United States.
Walls Fargo gained 1.63 % at 80.79 dollars, Jpmorgan Chase took 1.17 % at 290.40 dollars and Bank of America was granted 0.73 % to 47.46 dollars.
