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Wall Street pre-opening analysis – The health situation continues to weigh on the US stock markets

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Wall Street pre-opening analysis - The health situation continues to weigh on the US stock markets

( – Wall Street stock indices are expected in the red on Friday. Concerns about the health situation in some states continue to weigh, Texas has even decided to suspend the deconfinement. After its annual stress tests, the Fed estimated that, in a black scenario of unemployment at 19.5%, the 33 banks tested would record $ 700 billion in accumulated losses on their loans. On the statistics side, household spending increased again in May. In pre-session, the futures on the Dow Jones and the Nasdaq lose 0.55% and 0.02% respectively.

Yesterday on Wall Street

The US markets increased their gains in the second half of the day after a start to the day marked by concern over the development of the health crisis. For their part, the statistics did not particularly support the markets. The financial sector has benefited from a regulatory decision allowing it to reduce the amount of liquidity it must set aside as collateral to cover potential losses on swap transactions. The Dow Jones closed 1.18% higher at 25,745.60 points and the Nasdaq Composite gained 1.09% at 10,017 points.

Macroeconomic figures

In the United States, the PCE (Personal Consumption Expenditure) consumer price index measured by the Bureau of Economic Analysis (BEA), which serves as a benchmark for the Fed, came out at 0.1% in May on one month, after -0.5% in April. Inflation is 0.5% on an annualized basis, unchanged from the previous month. The “core PCE”, which excludes prices in food and energy, stood at 0.1% over one month (consensus at 0% and April at -0.4%), and at 1% on an annualized basis (consensus at + 0.9% and April at + 1%).

Household income in the United States fell 4.2% in May over a month. The consensus expected -6%, after an increase of 10.5% in April. Their expenses, they increased by 8.2%, against + 9% expected. They had dropped 13.6% the previous month.

At 4:00 p.m. CET, the University of Michigan will release a series of data on inflation expectations and consumer sentiment.

The values ​​to follow

AMAZON.COM would have bought the start-up specialized in autonomous vehicles Zoox for more than a billion dollars, according to The Information, which quotes sources close to the file. In late May, the Wall Street Journal reported that the online merchant was in advanced talks to buy back for less than $ 3.2 billion. Zoox, founded in 2014, worked on the development of the hardware and software necessary for the creation of electric robot taxis which would be called by a smartphone application from this year.


Nike posted a quarterly loss per quarter in the fourth quarter of 51 cents while analysts expected earnings of 9 cents per share. The quarterly turnover of the American giant of the articles of sport comes out to 6.3 billion dollars against 10.1 billion a year earlier and a FactSet consensus of 7.3 billion. The drop in revenues is attributed to store closings as a result of the Covid-19 pandemic. Online sales, on the other hand, increased by 75% and represented around a third of revenues during the period.


Tesla will be sued in the United States after a car accident in which none of the Model 3 airbags involved failed to activate, Bloomberg reported. The accident in 2019, which occurred on a Maryland highway, caused serious damage to the brain of the driver, a professor of public health at George Washington University. Tesla, which touted the Model 3 as “the safest car ever produced,” is being sued for the first time over a failure in its airbags.


Telecom operator Verizon Communications Inc. has announced the suspension of its Facebook advertising commitments. The company is not the only one to take this step. Boycotts of advertisers on the social network have multiplied in recent days. Among them, the Californian specialist in eco-designed technical clothing Patagonia or the expert in ice cream and sorbets Ben & Jerry’s. These companies denounce, among other things, the proliferation of hate messages on the network.