(Finance) – Positive session on Wall Street, which benefits from the fact that Treasury yields fell for the second dayafter the leap in the previous days on the prospect of a less accommodating Federal Reserve given the continued strength of the US economy.
On the macroeconomic front, the day is devoid of significant insights. Before the bell, it emerged that the orders for durable goods Americans fell less than expected in September.
Attention is already turned to macroeconomic data next weekincluding a monthly payroll report, for new clues about the extent of the Federal Reserve’s interest rate cuts.
It remains the focus on quarterly reports. Among those who released the accounts before the bell, New York Community Bancorp reported a loss for the third quarter as it set aside more reserves to cover potential loan losses, AutoNation missed expectations amid ongoing fallout from a software outage this summer, Colgate-Palmolive improved guidance for 2024 after a growing third quarter.
Under observation Capri Holdings (Versace, Michael Kors and Jimmy Choo), after a US judge blocked the 8.5 billion dollar merger with Tapestry.
Looking at the main Wall Street indicesThe Dow Jones rises by 0.37% to 42,531 points, interrupting the series of four consecutive declines, which began last Monday; along the same lines, theS&P-500 it makes a small leap forward of 0.54%, reaching 5,841 points. On the rise Nasdaq 100 (+0.84%); on the same trend, with a moderate increase inS&P 100 (+0.58%).