Wall Street ends up supported by defensives – 06/23/2022 at 22:31


WALL STREET FINISHES UP

PARIS (Reuters) – The New York Stock Exchange ended higher on Thursday as gains in sectors deemed defensive outweighed concerns over reduced risk.

The Dow Jones Industrial Average gained 0.64%, or 194.23 points, to 30,677.36 points.

The larger S&P-500 gained 35.84 points, or 0.95%, to 3,795.73 points.

The Nasdaq Composite advanced for its part by 179.11 points (1.62%) to 11,232.19 points.

In values, securities perceived as more resistant to economic hazards have been able to hold their own, large-cap technology in particular, as evidenced by the increases of 2.26% and 2.16% signed respectively by Microsoft and Apple.

The same causes produced the same effects on stocks linked to the health sector, real estate and even community services.

Conversely, groups linked to energy, which are very sensitive to inflationary risks, suffered heavy losses.

The dollar was up 0.18% against a basket of currencies a few minutes after the close of Wall Street, while the euro stood at 1.0522 dollars (-0.41%).

On the compulsory market, ten-year paper [US10YT=RR] fell 6.9 basis points to 3.087%. His five-year-old counterpart [US10YT=RR]a decline of 8.4 basis points to 3.143%.

On the oil market, WTI stood at $104.06 (-2.00%) and Brent at $109.79 (-1.72%).

(Nicolas Delame)

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