Indeed, Wall Street started in the red, somewhat scalded by the announcement of 184,000 job creations in the private sector reported by the ADP firm for the month of March, while economists expected only 150,000. . But the publication of the report from the ISM institute, which showed a sudden brake on the prices paid in the services sector, monitored like milk on fire by the Fed, reassured investors.
Intel fell 8.22% to 40.33, the semiconductor manufacturer having reported in a financial notice an operating loss of $7 billion in 2023 for its foundry activity compared to a loss of 5.2 $billion the previous year.
Walt Disney (-3.13% to 118.98) would have obtained enough votes from its shareholders to defeat the projects of the hedge fund Trian Fund Management of Nelson Peltz and the activist fund Blackwells, both of which are demanding seats on the board of administration of the entertainment group.
According to the New York Times, the American entertainment giant Paramount (+1.8% to 4.53) has reportedly started exclusive discussions with David Ellison, the founder of the media company Skydance, with a view to a possible operation. Reuters reported in early January that David Ellison was exploring an all-cash offer to acquire Paramount parent company National Amusements.
The United Steelworkers (USW), the union representing employees of the American steelmaker United States Steel (+ 1.16% to 41.88) announced that it would not support the proposed $15 billion merger with the Japanese group Nippon Steel.
Wolfspeed fell 2.63% to 27.02 as Wells Fargo lowered its recommendation from Overweight to Weight online.
THE Dow Jones thus lost 0.11% to 39,127.14 points, the Nasdaq Composite took 0.23% to 16,277.46 points and the S&P 500 0.11% to 5,211.49 points.
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