The S&P 500 and Nasdaq opened slightly higher on Tuesday, as opposed to the Dow Jones which opened lower. At this time, the industrial index fell 0,37% to 27.584,16 points, while the Nasdaq rose 0,14% to 11.374,86 points. The S&P 500 opened up 0,20% but has already reversed the rise and is falling 0,25% to 3.392,3 points.
The market analyst at Millennium investment banking, highlights the shares of Harley-Davidson, those of Merck, and those of Xilinx, which skyrockets with AMD's offer.
“In the corporate context, the positive reactions to the accounts of Harley-Davidson, Nxp Semiconductors, AMD, Merck & Co and JetBlue were highlighted. Xilinx also remains excited (+ 17,6%) after being acquired by AMD. Eli Lilly, 3M and Caterpillar, in turn, react negatively to the reported numbers ”, says the analyst.
In macroeconomic terms, it was revealed that orders for Durable Goods in the USA registered a good record in September. US orders for durable goods increased 1,9% in September, according to the preliminary figure revealed today, analysts estimated only 0,5%. Excluding transport (where aircraft order components are recorded and which weigh heavily on the global item), the increase was 0,8%. Equipment orders, a barometer for business investment, rose 1%, twice as much as expected. Deliveries increased by 0,3%, practically in line with expectations.
The analyst also says that the negotiations on the new stimulus package on US soil remain in the spotlight of investors, “with the statements of the White House economic advisor to be highlighted, after affirming that the differences between the two sides decreased, despite the increase in conditions on both sides ”.
In combating coronavirus, the clinical trial of Eli Lilly's experimental antibody therapy will not resume, after federal investigators concluded that the drug would not help hospitalized patients with advanced cases of Covid-19.
WTI crude prices up 0,93% on the NYMEX to $ 38,92.
The euro gains 0,13% to $ 1,1825.