Wall Street wait -and -by before American economic data, Nvidia at the highest
Opinion (with AFP)
Washington – The New York Stock Exchange finished without clear direction on Wednesday, adopting a cautious posture pending the publication of economic data in the United States, while the nvidia semiconductor giant broke a new record. The Dow Jones lost 0.25%, the NASDAQ index increased by 0.31%and the enlarged S&P 500 index ended in equilibrium (-0.00%). “Investors somehow resumes their breath, since we experienced a very strong movement on Monday and Tuesday,” said CFRA Sam Stovall. At the start of the week, the American square was brought by relief concerning the war between Iran and Israel, notably with the truce started on Tuesday. Now, market players “re-evaluate” American media information according to which the American strikes against Iran “may not have been as successful as what had been indicated above,” added Mr. Stovall. “Perhaps the American bombings have not destroyed the Iranian nuclear program”, contrary to what had been announced, and therefore, “it does not seem that it is a new chapter with regard to Iran”, judges with AFP Jack Abblin, of Cresset Capital. “Customs rights, the Iranian conflict, concerns about oil prices have calmed down and investors are now focusing on more earth-to-terre issues, such as profits,” said Sam Stovall. The market is waiting for the revision of GDP in the United States in particular for the first quarter as well as the PCE inflation index, a preferred gauge of the Federal Reserve (Fed) on Friday. In the meantime, the words of the boss of the American central bank Jerome Powell, who was auditioned before the banking commission of the Senate on Wednesday, “added anything to the global equation,” said Stovall, because Mr. Powell “repeated that the Fed will continue to depend on the data”. In this context on the bond market, the yield of American state loans at 10 years was practically stable compared to the day before, 4.29% at the end of a session marked by an absence of a large movement, the technological sector managed to make its faces of the game, with the leader of the nvidia semiconductor giant. The company (+4.33% at $ 154.31 broke a new record on Wednesday by reaching a capitalization of more than 3.760 billion dollars, exceeding its highest precedent reached in January. This leap allows him to consolidate his first market capitalization place, resumed in Microsoft a few days ago. Elsewhere at the side, British oil groups, but listed in New York, BP and Shell have experienced a keen movement in the middle of the session after information from the Wall Street Journal evoking the opening of “preliminary discussions” with a view to a BP acquisition by Shell. The latter then denied, ensuring that “no discussion is in progress”. Shell fell 0.98% to 69.44 dollars while BP took 1.64% to 30.32 dollars. The American Plis Delivery and Fedex Package Group was shunned (-3.27% to 222.00 dollars) despite having exceeded its forecasts and those of the consensus and those of the consensus and those of the consensus Quarter of its offbeat exercise thanks in particular to its cost reduction plan.
