Wall Street This Monday closed on mixed ground a session where the semiconductor manufacturer Nvidia, which last week briefly occupied the throne as the most valuable listed company in the world, fell almost 6.70%.
At the end of the day at the New York Stock Exchange (NYSE)he Dow Jones Industrials, Wall Street’s main indicator, gained 0.67%, totaling 39,411 points; the selective S&P 500 fell 0.31%, to 5,447 units; and the technological Nasdaq fell 1.09%, to 17,496 integers.
Thus, the Dow advanced 250 points this Monday, continuing its good trend registered last week, when it achieved a cumulative boost of 1.45%, its best result since May. For its part, the decline of Nvidia It follows last week’s downward line for the chip company, which then fell 4%, breaking an eight-week winning streak.
Losses occur after Nvidia It will briefly dethrone Microsoft as the most valuable company and in the midst of some uncertainty among analysts, who are already wondering when it will sustainably stop the dazzling profits of companies linked to artificial intelligence (AI).
Still, Nvidia shares have risen nearly 140% so far this year, making it the second-best-performing company in the S&P 500, which, in turn, has advanced nearly 15% this year, spurred by by AI itself, even amid changing interest rate expectations.
Furthermore, this Wednesday the US Federal Reserve (Fed), which two weeks ago kept interest rates in its range of 5.25% – 5.5% and is only contemplating a cut before the end of the year, publishes the results of its annual tests on the country’s banking health.
As for the sectors, this Monday the gains were predominant led by energy (2.73%) and public services (1.25%), while the steepest fall was experienced by technology (-2.07%) .
Among the top 30 listed companies in the Dow Jones, the biggest falls were those of Salesforce (-2.09%), Amazon (-1.86%) and Intel (-1.67%); Among those that rose, Amgen (3.24%), Goldman Sachs (2.65%), Chevron (2.6%) and Verizon (2.31%) stand out.
In other markets, Texas crude oil rose to $81.63 a barrel; the yield on the 10-year Treasury bond fell to 4.232%; gold rose to $2,345 an ounce; and the dollar against the euro remained stable, with a change of 1.0735.
Source: Elcomercio
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