AOF Wall Street Close Analysis – In scattered order

(AOF) – The American markets finally closed in dispersed order. Investors continue to fear the impact of the acceleration of the Fed’s monetary tightening cycle since Jerome Powell’s very offensive speech in Jackson Hole. In addition, the world’s second largest economy, China, is causing concern. Faced with the resurgence of the pandemic, Beijing confines more and more massively. In this context, indicators that were less degraded than expected were relegated to the background. The Dow Jones gained 0.46% to 31,656.42 points. The Nasdaq fell 0.26% to 11,785.13 points.

Anglo-American consulting giant Accenture, stable at $288.44 on the New York Stock Exchange, has acquired Carbon Intelligence, a carbon and climate change strategy consultancy, employing more than 160 sustainability experts. Based in London, Carbon Intelligence is on a mission to help global businesses understand their overall carbon footprint and ways to reduce it, using Science Based Targets Initiative (SBTi) strategies that drive transformational model redesign. economic and customer value chains.

Today’s economic figures

The S&P Global manufacturing PMI index reached 51.5 in August against a flash estimate of 51.3 after 52.2 in July.

The ISM manufacturing index was stable in August at 52.8. The consensus was 52.

Productivity fell in the second quarter of 2022 by 4.1%. Economists had forecast a fall of 4.5% after an initial estimate of -4.6% and -7.4% in the first quarter. Unit labor costs in the second quarter climbed 10.2% against a first estimate of 10.8%. Economists were targeting an increase of 10.7% after +12.7% in the first quarter.

232,000 new weekly jobless claims were recorded. Economists had forecast 248,000 after 237,000 (revised from 243,000) the previous week.

The values ​​to follow today

Campbell’s Soup

Campbell Soup unveiled quarterly results in line with expectations and forecasts above expectations. The American food group specializing in soups, drinks and cookies suffered a 59% drop to $ 170 million in net profit in the fourth quarter of its 2021/2022 financial year. Excluding exceptional items, earnings per share came out at 56 cents in line with the consensus. Turnover rose 6% to 1.99 billion, as expected. The group managed to raise its prices to compensate for inflation.


The United States Court of Appeals for the 5th District in New Orleans on Tuesday upheld the $14.25 million fine imposed on ExxonMobil for causing pollution from its refinery complex and petrochemical plant in Baytown, Texas, between 2005 and 2013. This ruling stems from a lawsuit filed under US clean air law by two environmental groups, Environment Texas and the Sierra Club Lone Star Chapter.


According to Reuters information, the United States has asked Nvidia and Advanced Micro Devices (AMD) to suspend the sale in China of some of their chips dedicated to artificial intelligence. On Wednesday, Nvidia announced that the government had imposed a new license on it, effective immediately, to export its A100 and H100 chips to China, including Hong Kong and Russia. The United States wants to ensure that these chips are not diverted for military purposes.

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AOF Wall Street Close Analysis – In scattered order

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