With 48 hours to go before the end of the first half of the year, Wall Street seemed to lack inspiration and fuel. Wednesday ended just a little better than it began, but the gains were unconvincing.

The Dow Jones climbed 0.04% to 39,128, the S&P500 +0.16% to nearly 5,478, and the Nasdaq Composite managed to gain around +0.5% to 17,805. Over the first half of the year, the S&P 500 is currently up by 15% and the Nasdaq by almost 18%.

The Nasdaq's rise today owes much to Mongo Db +6.7%, Tesla +4.8%, Amazon +3.9%, Dexcom +2.9% and Apple +2%. But the scores are rather mixed, given the declines of Paychex -6.1%, Qualcomm -2.4%, Zscaler -2%, AMD -1.7%.

The 'S&P' benefited above all from FedEx's 15.5% surge (and in its wake its peer UPS, +2.8%), after the logistics group published its fourth-quarter results, from which emerged a 9.5% rise in adjusted EPS.

General Mills, on the other hand, lost 4.6%, as the food group reported quarterly sales below Wall Street expectations and a disappointing outlook for its new fiscal year.

In macroeconomic news, after rising by 2% in April, new home sales in the US plunged by 11.3% in May, to 619,000 annualized and seasonally adjusted.

Copyright (c) 2024 CercleFinance.com. All rights reserved.