Wall street takes a break after starting December strong. The Dow Jones comes from closing its best month in three decades in November, and one of its components, Salesforce, is news this Wednesday after buying Slack for $ 27.7 billion. The main New York indices are trading with a mixed sign after a bearish opening.
The transaction was announced after the market closed on Tuesday, and Salesforce shares fell 8% after digesting the news.
The negative note is put by the ADP employment report, a prelude to the official data that is known this Friday, and according to which the US has created 307,000 private jobs in November, less than expected.
The latest warnings from the US Federal Reserve are not optimistic either. The Fed published its Beige book on Wednesday in which alert of a slowdown in recovery economic of the country.
There is also a negative note on the business front and the protagonist is Tesla. Its shares are down more than 3% as of this time Wednesday after Elon Musk warned his employees that the price could fall "like a souffle under a mallet".
On the health front, the UK has approved the emergency use of the Pfizer and BioNTech vaccine in what is another step towards fighting the virus. "The start of vaccinations is approaching and is highlighting the strategy of 'buy with any fall'", recognize the experts of Leuthold Group in words to the CNBC.
Added to this good news is the $ 908 billion round of stimulus, which, however, was later rejected by the majority of the US Senate. Despite everything, investors are still optimistically awaiting this new round of economic aid against Covid. On the other side of the Atlantic, the Ibex remains sheltered near 8,375 points. Finally, in Asia the stock markets have closed with a mixed sign.