It's the second session without a trend on Wall Street, and once again the Dow Jones is outperforming, even if only cautiously, with +0.5% for the 'Dow', +0.11% for the S&P500 and the Nasdaq still down -0.25% at 19,044 (after -0.4% the previous day).
However, the tech index was up 0.9% at around 3.35pm (to 19,273), so this is a real disappointment.
Although the 3 main indices are going nowhere on average this evening, the bulls have largely prevailed (over 75%), but the downturn in the 'labs' has weighed heavily (Ely & Lilly down -6.6%), Meta is still down -2.3%, tesla -1.7%, Nvidia -1.1%.
Meanwhile, the situation is not improving on the US long yield front, with new intraday "highs" (the "10 yr" posted up to +4pts at 4.82%, the "30 yr" +1.5pts at 4.9920%) and a stable close (4.79 and 4.98% respectively).
The Labor Department reports that US producer prices rose by 0.2% in December compared with the previous month, and by 0.1% excluding food, energy and business services (in line with the most optimistic forecasts).

Expressed as an annual variation, the rise in producer prices accelerated last month compared to November (+0.3 points to 3.3%) in unadjusted data, but slowed (-0.2 points to 3.3%) excluding food, energy and commercial services (a score of +3.5% was expected).
Watch out now for oil prices, with Brent attacking the $81 resistance level (WTI unsuccessfully testing $78 and falling back towards $77).
Investors may seek reassurance from reports circulating across the Atlantic that Trump's teams are preparing a "progressive taxation plan" for tariffs.

This issue has preoccupied the markets since the election of the Republican, raising fears of the return of a trade war that would impact European exporters, among others.

While waiting to find out more - Trump will be inaugurated on January 20 - the markets will take note tomorrow of the US consumer price figures, which could give an indication of the Fed's interest rate trajectory.

Retail sales for December, expected on Thursday, will also provide an interesting insight into the current state of the economy across the Atlantic.


Copyright (c) 2025 CercleFinance.com. All rights reserved.