(News Bulletin 247) – The US equity indices ended Thursday’s session in scattered order: while the Dow Jones fell 0.1% to 32,765 points in a context still weighed down by the debt ceiling file, the Nasdaq Composite climbed 1.7% to 12,698 points.
This last index, with a strong technological component, took full advantage of the surge of 24.4% of Nvidia, the day after the results published by the supplier of programmable graphics processors, accompanied by prospects widely welcomed by analysts.
“The magnitude of the growth linked to AI (artificial intelligence) implied by Nvidia’s outlook surprised everyone,” welcomed Wedbush, who raised its recommendation from “neutral” to “outperform” on the title.
Still on the front of business publications, operators acclaimed those of Ralph Lauren (+5.3%) and Best Buy (+3.1%), but heavily sanctioned those of Medtronic (-4.5%) and especially Dollar Tree (-12%).
The session was also marked by a slight upward revision in US GDP growth for the first quarter of 2023 to 1.3% at an annualized rate, compared to 1.1% in the very first estimate, and after 2 .6% in the last quarter of 2022.
In addition, registrations for unemployment benefits increased by 4,000 last week, thus settling at 229,000 against 225,000 the previous week (figure strongly revised from an initial estimate of 242,000).
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