Dow Jones and S & P 500 end at record levels



PARIS (Reuters) – The New York Stock Exchange ended up 0.33% on Wednesday, Fed Chairman Jerome Powell's remarks on the outlook for the US economy being offset by concerns over Sino-US trade relations .

The Dow Jones index gained 92.1 points to 27,783.59.

The broader S & P-500 gained 2.2 points, or 0.07%, at 3 094.04 4.93.99.

For the Dow Jones as for the S & P 500, closing levels are unpublished.

In contrast to this trend, the Nasdaq Composite fell by 3.99 points (-0.05%) to 8.482.10 points.

Investors were reassured by Jerome Powell's remarks at the Congress, which reaffirmed the Fed's preference for a scenario of continued growth, healthy employment and rising inflation in the United States. the scenario of a pause in the rate decline.

However, they remain cautious about the evolution of trade negotiations between Beijing and Washington.


The main movements of US values.

* DISNEY was awarded 7.31% after announcing that its online video service Disney + had crossed the 10 million subscriber mark in just one day, information that led to the decline of NETFLIX, one of its main competitors, which fell 3.04%.

* ALIBABA GROUP HOLDING lost 4.49% after announcing the imminent launch of a capital increase in Hong Kong to raise up to $ 13.4 billion.

* CHESAPEAKE ENERGY jumped 4.77% after Reuters reported that COMSTOCK RESOURCES (+ 4.50%) was in talks with the oil company to buy its shale business in Haynesville, Louisiana.


Crude prices ended up higher, again by the words of Jerome Powell and the fact that OPEC said its certainty not to see a recession on the horizon.

The barrel of light crude oil priced 32 cents (0.6%) to 57.12 dollars while Brent was awarded 31 cents (0.5%) to 62.37 dollars.

(Nicolas Delame for French service)

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