Wall Street finished without direction, with the Dow Jones down 0.1%, the Nasdaq up 0.1%, and the S&P500 unchanged, but with a 'green' score for the symbol (5,071 vs. 5,070 the previous day).
The Nasdaq-100 gained +0.3% in the wake of Tesla (+12 despite a 50% drop in profits), Microchip (+5.2%), Texas Instruments +5.6%, ON semiconductors +6.3%... but Nvidia lost -3.3%, Applied Materials -3.4%.

And the Nasdaq-100 lost all its gains shortly after the close, as Meta plunged -16% following the publication of its quarterly results.
Meta reports quarterly earnings per share of $4.71 versus $2.20 a year earlier (consensus $4.32, and $4.94 at the top end of the range)
Sales climb 27.3% to $36.46 billion, but Wall Street was expecting better, and not as much caution for 2024.

US T-Bonds continued to deteriorate with 1 week to go before the FOMC's final statement on April 30 and May 1, but the market is behaving as if the forthcoming announcements will confirm that the first rate cuts will be postponed until early autumn.

The bond markets had started to fall early in the morning, so we can't even invoke the "figures of the day", as US durable goods orders just acted as an aggravating factor.

The US 10-yr yield is up +5pts to 4.65%, while the 30-yr has tested the 4.80% mark (the annual record set on April 14) to settle at 4.78% this evening.
Still on the statistics front, data published by the US Energy Information Agency (EIA) showed that US crude oil inventories stood at 453.6 million barrels in the week to April 15, down 6.4 million barrels on the previous week's level.

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