Wall Street goes on a long weekend with no definite trend. After a week of significant gains, the Nova stock market ended this Friday's mixed session due to optimism about a vaccine for the new coronavirus and the momentum that has once again won the trade war between the two biggest powers in the world.
“The US Senate yesterday passed a bill that requires Chinese companies to comply with the United States accounting rules to stay on the stock exchange. This project now only needs approval by the House of Representatives and signature by President Trump ”, explains André Neto Pires, an analyst at XTB.
In addition, the American Secretary of State, Mike Pompeo, accuses Beijing of lack of transparency regarding the Covid-19 disease.
Given this political-economic context, the three main Wall Street stock indexes ended today's trading with different behaviors. The Dow Jones - which rose about 3% over the week and was heading for the biggest weekly gain since April 9th - lost 0,04% to 24.465,16 points, the financial S&P 500 rose 0,26% , to 2.956,20 points, and the technological Nasdaq advanced 0,43%, to 9.324,59 points. Russel 2000 increased 0,16% to 1.352,75 points.
Foot Locker's shares fell 8,66% to $ 26,84 after the clothing and sports shoe company posted losses in the first three months of 2020 and announced the suspension of quarterly dividends.
The securities of the technology HPE (Hewlett Packard Enterprise) lost 11,40%, to $ 9,17, after the multinational disclosed the accounts for the second quarter of fiscal year 2020. Penalized by the pandemic, its net revenues decreased 16% in year-on-year terms, to 6,01 billion dollars (approximately 5,52 billion euros).
On the other hand, modern biopharmaceuticals, which is developing an experimental vaccine (called mRNA-1273) against the SARS-CoV-2 virus, rose 2,67% to $ 69. At issue is the fact that the director of the National Institute of Allergy and Infectious Diseases, Anthony Fauci has publicly said that the information he has on this treatment looks "promising".