The Dow Jones and the Nasdaq on the New York Stock Exchange ended slightly higher on Thursday, while the S&P 500 was mostly flat at the close, in a session where all three indices broke new records.
According to closing results, the flagship Dow Jones index closed up 0.29% to 29,969.52 points. The predominantly technological Nasdaq advanced 0.23% to 12,377.18 points. The broader S&P 500 index slipped 0.06% to 3,666.72 points.
Earlier, the Dow Jones had passed above the 30,000 point mark and the Nasdaq hit a new record during the session, after those of the last few days, carried by positive indicators and by Boeing.
The momentum of Wall Street, which remains feverish, was dampened at the end of the session when it was learned, according to the Wall Street Journal, that the Pfizer laboratory would have difficulties with its supply chain to deliver all of its Covid vaccines expected in 2020. Pfizer stock lost 1.74% at close.
The market remained generally well oriented, supported by weekly claims for unemployment benefits in the United States which weakened for the first time in three weeks: 712,000 against 775,000 expected.
Investors were also reassured by relatively positive data on service activity. The ISM purchasing managers index for November showed that the expansion continues and at a faster pace than expected even if it is slowing down.
In addition, the IHS-Markit index in services (at 58.4) turned out to grow faster than a year ago, before the outbreak of the epidemic.
“It’s an opinion poll. This means that today when you ask questions to purchasing managers, business leaders, they are more optimistic than last November, before Covid. This is what is encouraging, ”explained Gregori Volokhine, Meeschaert Financial Services.
“The market is on the rise even though the Nasdaq has not set a new record. The Dow behaved well thanks to Boeing which gained almost 6%, for his part said Peter Cardillo of Spartan Capital Securities. The aircraft manufacturer has garnered a mega-order for 737 MAX from the airline Ryanair.
Airline stocks followed: American Airlines (+ 8.28%), United Airlines (+ 6.81%).
Investors also sold stocks late in the day to position themselves ahead of the official employment figures released on Friday, Cardillo noted.
A consensus of analysts expects an unemployment rate unchanged at 6.9% compared to October and a little more creations (650,000).
Tesla shone, climbing to a record for the title of the manufacturer of electric vehicles: + 4.32% to 593.38 dollars.
The bond yield on 10-year Treasury bills fell to 0.9112% from 0.9360% the day before.