Wall Street continues its second session in the green. The Dow Jones Industrial Average is up 0.48%, the S&P 500 gains 0.72%, and the Nasdaq Composite advances 1.16%.
The market extends its rebound after a phase of deemed excessive correction. Investors remain focused on the scenario of a lull in the Middle East, which acts as the main catalyst.
Donald Trump’s statements have fueled this hope. The American president mentions a soon withdrawal of the United States from Iran, while conditioning a ceasefire on the reopening of the Strait of Hormuz. In response, Tehran denies and maintains a tough line, with new strikes announced.
This gap maintains a high level of uncertainty. The market oscillates between de-escalation hopes and escalation risks, in a flow of conflicting information.
Solid but secondary data
American retail sales exceed expectations, a positive signal for consumption. Their impact remains limited: in this geopolitical context, macro data takes a back seat.
On rates, the yield on the 10-year American remains stable around 4.32%, reflecting a form of wait-and-see.
Marked movements on stocks
General Motors resists (+0.72%) despite a 9.7% drop in its quarterly sales, affected by unfavorable weather conditions.
Conversely, Nike falls heavily (-15.5%), penalized by a 35% decline in its net profit and disappointing outlook.
In energy, Halliburton falls (-2.5%) after the announcement of the acquisition of Sekal, specializing in autonomous drilling.
The short-term trend remains constructive but dependent on the conflict’s evolution. Donald Trump’s expected speech could quickly redirect the markets.
