Stock trading opened today Thursday in New York inconsistently close to Wednesday’s closing levels.
After just over 10 minutes of trading, the S&P 500 index was up 0.15 percent, and the techno-focused Nasdaq was up 0.17 percent. The Dow Jones index was down 0.02 percent, very close to Wednesday’s closing level.
In recent days, investors have mirrored the economic statistics to the expected monetary policy of the central bank, and some of the statistical releases have caused large market movements.
However, the statistical releases announced this Thursday afternoon gave conflicting signals from the central bank’s point of view, so no big market reaction was seen. According to statistics, industrial production in the Philadelphia region had turned to surprisingly strong growth. However, the retail trade statistics were weaker than expected and last week more unemployment benefit applications were submitted than predicted.
Investors have also followed the first results announcements of the results period. Wednesday’s bank results were better than expected and bank shares reacted upwards. Announced today, Thursday Bank of American the result was also better than expected, but the market reaction has been neutral (+ 0.02%). Morgan Stanley reported a strong trading result and the share price was up 1.9 percent.
According to the Washington Post’s news, Trump is considering moving forward with the ban on Tiktok in the United States. Rival Meta the share price was down 1.0 percent.