Yesterday on Wall Street

Posted 07 March, 2022

Indeed, the US economy generated 678,000 non-agricultural jobs in February against 400,000 anticipated.

The unemployment rate fell by 0.2 points to 3.8% against 3.9% expected.

The VIX volatility index jumped almost 10% above 33, well above its historical average of 20 points.

The US 10-year yield plunged 15 basis points to 1.70% and the 2-year by 8 points to 1.45%.

Google, a subsidiary of Alphabet (- 1.49% to 2,638.13) announced a suspension of its online advertising activity in Russia. A measure that includes its online search engine, the YouTube video platform as well as external publishing partners.

Thanks to strong demand and the deployment of 5G technology, Broadcom (+3.01% to 595.99) released a second-quarter revenue forecast above expectations.

After posting a full-year profit target above market expectations and banking on strong demand for its Old Navy and Athleta brands, fashion group GAP rose 0.18% to 14.255.

The international freight transport company FedEx (- 2.73% to 212.54) has decided to suspend all its activities in Russia and Belarus as well as its services in Ukraine in order to preserve its teams as much as possible.

Costco Wholesale lost 1.42% to 525.5, due to a slowdown in same-store sales in February, but nevertheless reported higher quarterly sales and profit. market expectations.

The private equity group Hellman & Friedman took a 7.5% stake in software publisher Splunk (+5.93% to 129.06) for an amount of $1.45 billion.

Morgan Stanley lowered its recommendation on Intel stock (+0.29% to 48.07) from Line Weight to Underweight.

After raising the recommendation of MKM Partners of video game publisher Take-Two Interactive Software (-0.12% to 158.01) from Neutral to Buy.

The  Dow Jones  thus lost 0.53% to 33,614.80 points, the  Nasdaq Composite  1.66% to 13,314.44 points and the  S&P 500  0.79% to 4,328.87 points. Over the week, the Dow Jones lost 1.3%, the Nasdaq Composite 2.78% and the S&P 500 1.27%.

 

Previous story

07 March, 2022 10:26

← Social network TikTok announces suspending the creation of new videos in Russia

The social network TikTok announced on Sunday that it was suspending the possibility of posting new videos on its platform in Russia, due to a new law penalizing the dissemination of information aimed at "discrediting" the army and its invasion of Ukraine.

Social network TikTok announces suspending the creation of new videos in Russia

Next story

07 March, 2022 07:15

Ukraine: oil and gold still blaze, Asian stock markets plunge →

Oil prices continued to soar on Monday, as did the price of gold which briefly exceeded $2,000 an ounce, while Asian stock markets tumbled in the face of the repercussions of the Russian-Ukrainian war on the world economy.

 

Ukraine: oil and gold still blaze, Asian stock markets plunge
Write a comment
 
Prove you’re not a bot + 12 = 27