Thursday, December 1, 2022
HomeTeslaDriven by Tesla and Netflix, Wall Street ends up

Driven by Tesla and Netflix, Wall Street ends up

(Reuters) – The New York Stock Exchange ended higher on Friday, buoyed by encouraging results from Tesla and Netflix which helped offset the decline in telecoms and energy stocks.

The Dow Jones Industrial Average gained 0.51 percent, or 162.06 points, to 32,036.9 points.

The broader S&P-500 gained 39.05 points, or 0.99%, to 3,998.95 points.

The Nasdaq Composite advanced for its part by 161.96 points (1.36%) to 12,059.61 points.

In values, Tesla jumped 9.78% after announcing better-than-expected results driven by a more advantageous pricing policy.

Netlix, gained 3.44%, again after pleasantly surprising the markets.

In the oil market, WTI was at $96.44 (-3.44%) and Brent at $104.00 (-2.71%), helping to push down energy stocks.

The dollar rose by -0.34% against a basket of currencies a few minutes after the close of Wall Street, while the euro stood at 1.0221 dollars (+0.43%).

On the bond market, ten-year paper [US10YT=RR] fell 15.9 basis points to settle at 2.8766%. His five-year-old counterpart [US10YT=RR]fell -19.8 basis points to 2.9792%.

(Nicolas Delame)

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