The Dow Jones fell 0.29%, the S & P-500 0.10% and the Nasdaq 0.05%. Snap sharply higher after an increase in the recommendation. Good news on the employment front.
Wall Street closes slightly down, the S&P remains close to its records | Photo credits: Juan Novakosky / Shutterstock.com
by Chuck Mikolajczak
NEW YORK, April 6 (Reuters) – The S&P 500 ended slightly lower on Tuesday, but near all-time highs reached in previous sessions, in a market that remains supported by the favorable economic outlook.
The Dow Jones index lost 0.29% to 33,430.24 points, the S & P-500 0.10% to 4,073.94 points and the Nasdaq 0.05% to 13,698.38 points.
Wall Street welcomed the good US employment figures, which are combined with the publication on Monday of the ISM survey on activity in services, whose index reached a record level.
Other good news on the economic front, the International Monetary Fund has once again raised its forecasts for global growth and now expects a rebound of 6% this year.
“The stock price reflects a feeling that the economy will return to normal sooner than expected. It remains to be seen where we are in this process,” said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.
Snap climbs 5.12% after raising the recommendation from Atlantic Equities, which estimates that the group that owns Snapchat could significantly increase its turnover in the medium term, thanks in particular to the current dynamics of the advertising market.
Norwegian Cruise Line is up 4.61%, as the cruise operator announced it would resume operations in the Caribbean and Greek Islands in July after a one-year hiatus following the COVID-19 pandemic.