(AOF) – US markets amplified their rebound in the wake of technology stocks. They were supported by the decline in long rates (-13 basis points for 10 years) caused by fears of recession. Which are fueled by purchasing manager indices signaling a marked deterioration in the economy in June in Europe and the United States. The Dow Jones gained 0.64% to 30,677.36 points. The Nasdaq rose 1.62% to 11,232.19 points.
Accenture has reduced its earnings per share forecast for 2022. On Wall Street, the action of the management consulting group, technologies and outsourcing, which is used to exceeding analysts’ expectations, fell 0.27% to $285.91. “We continue to gain significant market share, and our services have never been more relevant, as our customers turn to us as their trusted partner for the solutions they need to accelerate their growth and become more resilient. efficient,” said CEO Julie Sweet.
Today’s economic figures
Activity in the private sector in the United States slowed in June, announced S&P Global. The composite purchasing managers’ index (PMI), which combines services and industry, stood at 51.2 after 53.6 in May. The “flash” PMI manufacturing index came out in June at 52.4. Economists were counting on 56 after 57 in May. The services index reached 51.6 against a consensus of 53.5 after 53.4 in May.
229,000 jobless claims were recorded last week in the United States against a consensus of 227,000 and 231,000, a revised figure of 229,000, the previous week.
The values to follow today
Accenture cut its earnings per share forecast for 2022. In the third quarter, which ended at the end of May, the management consultancy, technology and outsourcing group achieved net income, group share, of $1.79 billion, or 2 $.79 per share, compared with $1.55 billion, or $2.40 per share, a year earlier. The market was anticipating $2.86 per share, but it’s not sure that the two figures are directly comparable. The sale of activities in Russia had a negative impact of 15 cents per share.
Berkshire Hathaway/Occidental Petroleum
Berkshire Hathaway has purchased an additional 9.55 million shares of Occidental Petroleum Corp, increasing its stake in the oil company to 16.3%, an official document filed with the SEC shows. The purchases were made over the past week and cost Warren Buffett’s group around $530 million.