Wall Street is trading with profits this Thursday after shopping on Wednesday, which led to Dow Jones to renew all-time highs, while in this session it is the S&P 500 that sets a new record. This, while investors remain attentive to the macro data already Netflixwhich will announce its third quarter results at the close of the market. «As mixed as the tone may seem, let's remember that New York is fooling around with all-time highs (not Europe). Sometimes, waiting sheltered in modest rebounds before being able to decide anything is a privileged situation. We insist on buy technology with each profit takingas is happening again these days», they analyze in Bankinter. In this sense, from Link Securities they highlight that the Dow Jones, which reached its thirty-eighth historical maximum of the year at the end of this Wednesday, «and in which the majority of sectors ended the day positively, one of the exceptions being communication services, which was weighed down by the poor behavior of some of the great values that make up it. In this way, The US stock market recovered part of what was lost during the previous session«. For her part, Kathleen Brooks, research director at XTB, points out that «US stocks look frothy, but momentum is bullish and we continue to believe that any sell-off will be used as a buying opportunity. Bank stocks have delivered stellar earnings results and the banking index S&P 500 hit a new all-time high on Wednesday. It's early in the earnings season, but the outlook looks optimistic and supports US stocks.» As for the agenda, this session saw the release of weekly unemployment dataa good approximation to the situation of the country's labor market, which has fallen to 241,000 applications, compared to forecasts of 260,000. Also announced were September retail saleswhich have risen to 0.4% from 0.1% the previous month, and have been one tenth above expectations.
NETFLIX ACCOUNTABLE
Netflix gives the starting signal to the 'big tech' accounts and the market is confident that it will show «a solid growth driven by novel content and new strategic directions,» says Jean-Paul van Oudheusden, market analyst at eToro. Investors will also be on the lookout for a possible increase in subscription price that raises the standard US plan to about $17. All in all, it is worth remembering that the streaming company will stop publishing subscriber figures starting in 2025. «The company's transition away from this metric emphasizes its current focus on revenue and strategic evolution. With stocks near all-time highs, a strong report of the third quarter could consolidate Netflix's leadership position in the streaming landscape, even as it continues to explore new pricing and content to stay ahead,» adds this expert.
COMPANIES AND OTHER MARKETS
At the business level, Uber is exploring a possible Expedia purchase offerthe nearly $20 billion travel booking website. Besides, chip makers have risen spurred by the results of the Taiwanese giant TSMC, which have exceeded estimates. The actions of Nvidia gained 2.5% and renewed all-time highs, and Arm (+2.3%), AMD (+1.4%) and Broadcom (+2.6%) also rose.
On the downside, shares Alcoa have dropped 2% after the company reported third quarter accounts that disappointed in its income, since the firm has reached a billing in the period of 2,904 million dollarsabove the 2,602 million a year ago but below the forecasts of 2,970 million.
In other markets, oil West Texas drops 0.28% ($70.17) and the Brent fell 0.27% ($74.02). For his part, the euro depreciates 0.34% ($1.0824), and the ounce of gold earn 0.25% ($2,697). Furthermore, the 10-year American bond yield is revalued to 4.069% and the bitcoin loses 1.09% ($67,091).