(AOF) – On the eve of Thanksgiving, Wall Street is expected to open on a negative note. If the weekly jobless claims have surprised favorably, investors have something to pout a little over third quarter GDP growth and durable goods orders. Other indicators are expected in the afternoon, including the PCE price index. Enough to fuel the debates about the Fed’s monetary policy. Around 3:10 p.m., the futures on the Dow Jones and the Nasdaq fell respectively 0.52% and 0.72%.
Yesterday on Wall Street
The US markets ended in scattered order, although their performance improved in the second half of the session. Technology stocks weighed on the trend as the 10-year yield continued to rise: +1.4 points to 1.67%. Zoom’s disappointing third-quarter sales performance also weighed heavily. On the economic front, the purchasing managers’ indices came out in line with expectations. The Dow Jones index closed up 0.55% at 35,813.80 points and the Nasdaq Composite lost 0.50% to 15,775.14 points.
In the United States, 199,000 weekly jobless claims were recorded during the week of November 20, against a Reuters consensus of 260,000 and after 270,000 the previous week (revised figure of 268,000)
In the United States, durable goods orders fell 0.5% in October 2021. The Briefing.com consensus was forecasting an increase of 0.2% after -0.4% in September.
According to a second estimate, the United States recorded growth in START of 2.1% at an annualized rate in the third quarter of 2021, against + 2% in first estimate and a Reuters consensus of + 2.2%.
In the United States, wholesaler stockss increased by 2.2% in October 2021, after increasing by 1.4% in September (revised figure of + 1.1%).
In the United States, the trade balance deficite stood at – $ 82.9 billion in October 2021, up from – $ 97 billion in September (revised figure of – $ 96.3 billion).
The sales of old homess in October, the index of consumer confidence from the University of Michigan in November, returned and the consumptionn of households in October, but also PC price indexE in October will be known at 4 p.m.
the report of the last monetary policy meeting of the Fed will be available at 8 p.m.
The values to follow
Dell reported third-quarter net income of $ 3.89 billion, or $ 4.87 per share, down from $ 832 million a year earlier, or $ 1.08 per share. Excluding exceptional items, EPS stood at 2.37 dollars, above the consensus which anticipated 2.3 dollars. The IT group’s revenue rose 21% to $ 28.39 billion, while analysts polled by FactSet were targeting $ 27.37 billion. PC sales jumped 34% to $ 16.5 billion, topping both the home and business segments.
HP Inc delivered results that exceeded expectations. In the fourth quarter, which ended at the end of October, the company specializing in personal computers and printers achieved net profit up 364% to 3.1 billion dollars, or 2.71 per share. Excluding special items, profit reached 94 cents per share, beating consensus by 6 cents. Its revenue grew 9.3% (+ 6.9% at constant exchange rates) to $ 16.68 billion. It is 8.58% higher than expected. PC and printer maker expects adjusted earnings per share of $ 4.07 to $ 4.27 in fiscal 2022
Gap on Tuesday evening posted a loss of $ 152 million in the third quarter of 2021, or 40 cents per share, after profit of 95 million, or 25 cents per share, a year earlier at the same time. Adjusted for exceptional items, EPS was 27 cents. Sales of the famous ready-to-wear group fell 1.3% to $ 3.943 billion. The FactSet consensus was targeting a net profit of $ 191 million and revenue of $ 4.43 billion. gap has acknowledged facing significant supply issues.
In the third quarter of 2021, Nordstrom made a profit of 39 cents per share, compared to 34 last year at the same time. Analysts, however, expected much better, at 57 cents per share. However, revenues exceeded expectations, to $ 3.64 billion (+ 18% over one year, but -1% over two years), for a consensus of 3.5 billion. The fashion retailer is also experiencing significant inventory and cost issues related to supply difficulties, and “may have difficulty winning back customers.”
Elon Musk sold an additional $ 1.05 billion in Tesla shares, according to a regulatory document released on Tuesday. At the same time, the CEO of the electric vehicle manufacturer also exercised an option to purchase 2.15 million shares. In total, Elon Musk sold nearly $ 10 billion of Tesla shares in November.
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