One minute after trading took off on the New York Stock Exchange, the Nasdaq index has fallen 1.2 percent and stands at 15,805.79 points, while the Dow Jones is virtually unchanged at 38,072.79 points. The S&P 500 rose 0.6 percent to 5,078.18 points.
The ten-year US government bond yield is at 4.68 per cent, while the VIX index, also called the fear index, rises 1.3 per cent to 15.57.
IT rally
Snap, Alphabet and Microsoft respectively rose 25.3 per cent, 10.4 per cent and 2.5 per cent after the publication of new quarterly figures. At the same time, Intel falls 11.7 percent after its quarterly presentation.
Google-owned Alphabet earned a profit of $1.89 per share. share, well above analysts’ expectations of a result of $1.51 per share. stock. At the same time, the IT giant announced that it will pay a dividend for the first time in June this year, at 20 cents per share. share, and that it will buy back shares for 70 billion dollars.
Macro
The monthly growth in PCE (Personal Consumption Expenditures) was 0.3 per cent, while core PCE increased by 0.3 per cent. Annual growth in PCE is now 2.7, while core PCE is 2.8 per cent.
The consensus expected unchanged monthly growth of 0.3 per cent in core PCE and a fall from 2.8 to 2.6 per cent for annual growth, but these were expectations obtained before Thursday’s surprisingly high quarterly figures.
