(AOF) – After finishing sharply lower on Friday, US equity markets are expected to rise slightly at the opening. But caution is called for, with fears of a global recession becoming more and more visible. Treasury yields are falling after another strong quarterly rise, given the Fed’s aggressive monetary policy. On the value side, Tesla is disappointing with production figures lower than expected by the markets. A few minutes before the first exchanges, futures on the S&P Futures and Nasdaq indices gained 0.84% and 0.52% respectively.
Friday on Wall Street
US equity markets, after experiencing a mid-session rebound, fell back into their traps with, as a result, a further decline. The three major Wall Street indices took for their rank, reaching their lowest level of the year at the close. The Dow Jones fell 1.70% and concluded at its lowest level at the end of the session since the beginning of November 2020, at 28,725.51 points. The Nasdaq index lost 1.51%, its lowest closing since July 2020, at 10,575.61 points.
In the United States, the index of manufacturing purchasing managers for September will be published at 3:45 p.m.
In the US, August construction spending will be released at 4:00 p.m.
The values to follow
The American aircraft manufacturer Boeing has announced that it is committed to paying two million dollars in support of the populations on the ground impacted by Hurricane Ian in Florida. This sum includes a $750,000 donation to the Volunteer Florida Foundation, the state’s lead agency for volunteerism and national service that directly administers Florida’s disaster relief fund.
Tesla Motors lost 4.78% in pre-market trading at $252.40 after announcing on Oct. 2 that it had produced more than 365,000 vehicles and delivered more than 343,000 vehicles in the third quarter, less than anticipated by the markets. “It is becoming increasingly difficult to ensure vehicle transport capacity and at a reasonable cost during these peak logistics weeks,” the company said in a statement.
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