NEW YORK (Reuters) – The New York Stock Exchange ended in mixed order on Monday, with the Nasdaq hampered by forecasts from Tesla and several new technology giants ahead of the publication this week of their results and economic and economic indicators. inflation that could affect Fed decisions next month.
The Dow Jones Industrial Average gained 0.2%, or 66.44 points, to 33,875.4 points.
The broader S&P-500 gained 3.52 points, or 0.08%, to 4,137.04 points.
The Nasdaq Composite fell for its part by 35.25 points (-0.29%) to 12,037.20 points.
Alphabet (+0.53%), Microsoft (-1.39%), Amazon (-0.70%) and Meta Platforms (-0.05%), which represent more than 14% of the value of S&P companies -500 publish their financial accounts this week. A rally in these securities has supported Wall Street since the start of the year and investors are looking to determine whether the upturn can continue based on the forecasts that these groups will publish.
“It’s a breakthrough week for (tech) stocks. If earnings don’t disappoint, the market may continue to rally,” said Peter Cardillo, chief economist at Spartan Capital Securities in New York.
Tesla fell 1.53% after the automaker raised its capital spending forecast in 2023 to increase production.
(Report by Sinéad Carew, Tangi Salaün)
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