(News Bulletin 247) – The New York Stock Exchange moved in mixed order on Tuesday, technology stocks carrying the Nasdaq while energy-related stocks penalized the more traditional sector of the rating.
At the end of the morning, the Dow Jones fell 0.5% to 32,944.3 points, while the Nasdaq Composite climbed 0.6% to 13,049.8 points.
US equity markets opened the session higher, buoyed by optimism surrounding the outcome of talks on raising the US debt ceiling.
After tough negotiations, the Democratic and Republican leaders seem to have reached an agreement in principle, which could be submitted to Congress tomorrow.
This project removes the risk of seeing the world’s leading economic power default on payment, which would have seriously undermined economic activity in the United States.
Technology stocks also continue to benefit from investors’ enthusiasm for the stocks most exposed to the development of artificial intelligence (AI).
With a new gain of 5.5%, Nvidia this morning became the last listed company to cross the threshold of 1,000 billion dollars in capitalization, crowning an almost quadrupling of the action since October thanks to the success of its high-performance computing processors.
Ford for its part jumped 4.5% in the wake of a recommendation increase from Jefferies.
The trend is however weakened by the fall in the barrel of oil which is pushing back energy heavyweights, the price of American light crude oil drops 3.5% to 70.1 dollars a barrel, to a low of more than two weeks.
ExxonMobil lost 1.2% and Chevron 1.3%, where the American energy compartment fell by 1.7%, signing by far the largest sectoral drop of the day.
In economic terms, the consumer confidence index calculated by the Conference Board fell to 102.3 in May, compared to 103.7 in April.
House prices continued to rise in March (+0.5% on an annual basis), thanks in particular to particularly significant increases in Florida, according to the monthly S&P Corelogic Case-Shiller survey.
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