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Indices: Dow Inchangé, S&P 500 0,45%, Nasdaq 0,8%
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Microsoft and Meta increasing after exceptional quarterly results
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Applied Digital takes off and exceeds its turnover of the 4th quarter thanks to the demand linked to the AI
(Update with analysts and courses in early afternoon) by Nikhil Sharma and Pranava Kashyap
The S&P 500 and the NASDAQ fell in relation to records reached earlier on Thursday, while Wall Street diverted its attention from the 4,000 billion dollars stage crossed by Microsoft and prepared for Apple and Amazon’s results later.
Microsoft MSFT.O jumped 5 % after the publication of its results and briefly crossed the $ 4,000 billion in market capitalization, thus becoming the second company listed to cross this CAP after NVIDIA NVDA.O.
Meta Platforms Meta.o increased by 12.1 % to reach a record level, the growth of its main advertising activity induced by AI that made it possible to revise income forecasts, while Nvidia
NVDA.O has also increased by more than 1 %.
“The benefits we have obtained from them are quite in line with what we expected,” said Mark Malek, Siebert Financial investment director.
“We are optimistic about the entire infrastructure of artificial intelligence and it is essential that these companies announce” superior “results, he added.
The technological rally propelled the S&P indices of technologies .SPLRCT and communication services
.SPLRCL to new heights.
The Nasdaq Composite index .IXIC jumped 1.2% in its highest intrajournual increase for almost a month, before limiting its earnings to 0.8%, while the S&P 500 index
.SPX increased by 0.45%.
The Dow Jones Industrial Average .dji, meanwhile, slipped into negative territory, then remained stable while Unitedhealth Unh.N fell to its lowest level in two months.
Investors have taken into account a report by the Commerce Department showing that inflation has accelerated in June, with new customs tariffs pushing prices upwards and fueling expectations that prices could intensify in the coming months.
“Inflation remains high and justifies the Fed’s decision to maintain unchanged interest rates,” said Clark Bellin, president and investment director of Bellwether Wealth.
The attention is now turning to Friday report on non -agricultural jobs and an imminent tariff deadline, President Donald Trump refusing to extend commercial negotiations for late partners.
Separately, weekly requests for unemployment benefits increased marginally last week, suggesting that the labor market has remained stable.
The appeasement of world trade fears, the signs of resilience of the American economy and the renewed optimism in terms of AI have put Wall Street on the path of monthly progression.
The S&P 500 .SPX and the Dow Jones .DJI are about to make a third consecutive monthly gain – their longest series of earnings in almost a year – while the Nasdaq was on the way to achieving its best monthly progression since March 2024.
Meanwhile, the president of the federal reserve, Jerome Powell, cooled the hopes of a drop in rates in September, after the central bank maintained its unchanged rates. According to the Fedwatch tool of the CME, the traders now expect 58.8 % that the Fed maintains its rates in September as well.
The “Hold” verdict aroused a new Trump attack on Powell, while the Treasury Secretary Scott Bessent said he was expecting Powell’s successor to be announced by the end of the year.
EU officials said European alcohols could be struck by 15 % from August 1 until another agreement was concluded, negotiations to continue in the fall.
The agreement concluded by Donald Trump with South Korea on Wednesday brought customs duties on imports from this country to 15 %, when they were previously 25 %.
Meanwhile, the judges of the American Court of Appeal questioned the justification of Trump’s customs tariffs by the president’s emergency powers.
Among the other values, Applied Digital APLD.O climbed 32 % after the operator of data centers has exceeded estimates for its quarterly turnover.
The declining values were more numerous than the raised values in a 1.08 report against 1 on the NYSE and 1.2 against 1 on the NASDAQ.
The S&P 500 recorded 27 new records over 52 weeks and 25 new downward records, while the Nasdaq Composite recorded 61 new records and 103 new downward records.
