The private sector (ADP) in the United States created fewer jobs than expected in May (152,000 compared to 188,000 and 175,000 expected).
The ISM services index came out above expectations in May (53.8 after 49.4 in April and 50.8 estimated).
Hewlett Packard Enterprise soared 10.68% to 19.48 after announcing that it expects a turnover higher than expectations in the third quarter, driven by demand for its servers intended for artificial intelligence (AI).
Intel gained 2.5% to 30.78 after announcing thatApollo Global Management (+2.11% to 116.28) would acquire a 49% stake for an amount of 11 billion dollars in a joint venture linked to the new production unit in Ireland of the semiconductor manufacturer.
NXP Semiconductors (+3.53% to 275.7) and TSMC-backed Vanguard announced a $7.8 billion joint venture in Singapore to produce silicon wafers, following in the footsteps of other chipmakers opening factories in this Asian country to diversify their production locations.
Deere & Co (+0.44% to 370.99) announced job cuts, without specifying the extent, to cope with the drop in demand for agricultural equipment.
Campbell Soup fell 0.18% to 44.1 before the publication of its quarterly accounts. Analysts expect revenue growth after two quarters of decline.
Crowdstrike jumped 12.05% to 342.4, the cybersecurity group raised its revenue forecast for the second quarter.
Dollar Tree (-4.92% to 114.38) plans to study different strategic options, including a possible sale or spin-off of its subsidiary Family Dollar, the Wall Street Journal reported on Wednesday.
Abbvie took 2.04% to 165.44 and Unitedhealth Group dropped 0.47% to 503.12, HSBC raised its recommendation from Hold to Buy on these two stocks.
THE Dow Jones thus gained 0.25% to 38,807.33 points, the Nasdaq Composite 1.95% to 17,186.38 points and the S&P 500 1.18% to 5,354.03 points.
■
