U.S. equity indexes slumped in early trading (-0.1% on the Dow Jones and Nasdaq), the day after strong rallies, particularly for the Nasdaq Composite (+2.9%).

Financial markets generally wiped out around half of the major movements of the end of last week and the beginning of this one, helped by data on jobless claims", recalls Capital Economics.

The drop in jobless claims, from 17,000 to 233,000 last week, eased fears of a US recession, fears which had been generated precisely by a poor monthly employment report a week ago.

Capital Economics, however, is cautious about the future, considering that while some stocks may continue to rally, the recent turbulence may also reflect an accelerated return of other issues to their 'fair values'.

'While calm is tentatively returning, short-term developments will largely depend on the direction of the yen, the US labor market and Nvidia's results, given growing doubts about AI', warns Barclays.

Among Thursday evening's publications, media and entertainment group Paramount Global unveiled a 43% rise in adjusted OIBDA for its second quarter 2024, thanks in particular to the dynamism of its Paramount+ streaming platform.

News Corp, the parent company of Dow Jones, HarperCollins and Foxtel among others, reported a 21% increase in adjusted EPS for the last three months of its 2023-24 fiscal year, supported by its book publishing segment and subsidiary REA Group.

Video games publisher Take-Two Interactive (Red Dead, NBA 2K and GTA) lowered its annual profitability targets, now anticipating a net loss of $4.33 to $3.95 per share, on the occasion of its quarterly publication.

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