(AOF) – New York indices are expected to rebound on Monday, making up for some of their losses on Friday, in their worst session since October 2020. Last week ended in bright red amid fears over the new variant Omicron. The fears did not disappear over the weekend, but investors should take the opportunity to buy cheaply, as Black Friday brought consumers back to the shops. This Cyber Monday will however lack a real catalyst. In pre-opening, the Dow Jones gained 1.04% and the Nasdaq gained 1.2%.
Friday on Wall Street
Wall Street closed Friday in sharp decline in the wake of other world places after the discovery of a new highly contagious variant. Several countries have already started to close their borders to travelers from areas deemed to be the most risky. Sign of the ambient nervousness caused by this variant, the Vix index, called “of fear”, jumped 40% to reach its highest level since September. Markets closed 7:00 p.m. KST due to Thanksgiving. The Dow Jones lost 2.53% to 34,899.34 points. The Nasdaq dropped 2.23% to 15,491.66 points.
The promises of real estate sales in October will be published at 4:00 p.m.
The values to follow
Best Buy – Dollar Tree – Macy’s – Target
Store traffic increased 61% during Black Friday 2021 compared to last year, according to RetailNext, a company that measures store attendance. However, it is still down 37% from 2019. According to Sensormatic Solutions, traffic has climbed 48% year on year, but remains 28% lower than two years ago.
Hertz announced the implementation of a new share buyback program of up to $ 2 billion. The car rental company said the new program, which takes effect immediately and is not limited in time, includes the remaining $ 200 million from the previous program. The program represents nearly 18% of the company’s market capitalization, which stood at $ 11.30 billion at Friday’s close.
Moderna is working on developing vaccine booster doses adapted to the new variant of the coronavirus called Omicron, detected in South Africa. According to American biotech, a reformulated vaccine could be ready in early 2022.
Walmart is looking to recruit a new CFO to replace Brett Biggs, who was in office since December 2015 and has been with the company for 22 years. He wants to retire to explore new opportunities. He will remain CFO until a new CFO is appointed, and then help with the transition until his departure on Jan.31, 2023. The retail giant says it will consider internal applications as well as external.
Receive our latest news
Every morning, the information to remember about financial markets.