Yesterday on Wall Street

Posted 30 May, 2022

For the first time since the start of the year, the PCE index saw its progress slow in April to 6.3% against 6.6% in March.

Household confidence deteriorated in May to fall to its lowest level in more than 10 years at 58.4 against 59.1 expected.

Despite the downward revision of its annual forecast, citing the poor performance of the Old Navy brand and weak demand in the face of inflation, the ready-to-wear group Gap gained 4.32% at 11, 6.

Impacted by rising freight and labor costs in the United States, Costo (+1.24% to 470.76) reported a decline in its gross margin.

In the context of the development of telework, companies strengthening their investors in new technologies Dell jumped 12.86% to 49.58, thanks to quarterly results and forecasts above expectations.

Following the publication by the Marvell Technology group of a turnover for the first quarter better than expected, the title gained 6.72% to 60.82.

A major stake in the capital of Didi (+ 8.65% to 2.01), which should soon be released from the New York Stock Exchange, is being considered by the Chinese car manufacturer FAW.

Buoyed by strong results in its fiscal third quarter and an upgrade to its revenue forecast for the current quarter, cloud security company Zscaler rose 12.57% to 160.

Credit Suisse lowered its recommendation on the Citigroup stock (-0.87% to 53.62) from Outperformance to Neutral.

RBC lowered its recommendation on VMWare stock (+3.94% to 129.26) from Outperformance to Performance in line with the sector.

The  Dow Jones gained 1.76% to 32,212.96 points, the  Nasdaq Composite  3.33% to 12,131.13 points and the  S&P 500  2.47% to 4,158.24 points. Over the week as a whole, the Dow Jones gained 6.2%, the Nasdaq Composite 6.8% and the S&P 500 6.5%.

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30 May, 2022 09:51

← Brazil: Volkswagen accused of "slavery" practices during the dictatorship

The German group Volkswagen, the world's second-largest car manufacturer, is facing new charges linked to the dictatorship in Brazil, this time for "slavery" practices between 1974 and 1986, several German media said on Sunday.


Brazil: Volkswagen accused of "slavery" practices during the dictatorship

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27 May, 2022 15:04

The crypto community deceived the scammer and returned the stolen NFT tokens →

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The crypto community deceived the scammer and returned the stolen NFT tokens
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