Wall Street opens mixed, boosted by a rise in Nvidia shares

Wall Street It opened this Tuesday in mixed territory and the Dow Jones Industrial Average, its main indicator, fell 0.05%, while Nvidia shares are rising again after falling in recent sessions and weighing down the gains of the main indicators.

Ten minutes after the opening of the trading floor, the Dow Jones It stood at 39,391 points; The selective S&P 500 rose 0.14%, to 5,455 units, and the technological Nasdaq advanced 0.38%, to 17,562 points.

The actions of Nvidia They boosted the gains of the S&P 500 and the Nasdaq this morning, after falling more than 6% yesterday, Monday, registering their worst day since April and entering correction territory. In terms of market capitalization, the technology giant has lost about $550 billion in market value since last Thursday.

“Only 15 companies in the entire S&P 500 have a capitalization of more than $500 billion, and Nvidia has lost more than that figure in less than a week, although it remains the third most valuable company in the index”recalls analyst Tom Essaye in his daily Sevens Report.

Other experts downplay the fall of Nvidia – which this year has been in the market focus thanks to the ‘boom’ of artificial intelligence (AI) – and emphasize that summer is usually a difficult time for the technology sector.

By sector, losses predominated, led by raw materials (-0.51%) and industrial (-0.46%), while the greatest gains were for technology (0.59%) and communication (0.41%). Meanwhile, the yield on the benchmark 10-year Treasury bond rose to 4.251%.

Among the 30 values ​​of the Dow Jones Amgen (1.52%) and Apple (1.49%) led the advances, and among those that opened in red, Home Depot (-2.95%) and Walmart (-2.11%) stood out. In other markets, Texas oil (WTI) opened this Tuesday with a drop of 0.28%, to $81.40 a barrel, while the market continues to monitor the increase in tension in the Middle East.