NEW YORK (Reuters) – The New York Stock Exchange ended higher on Friday with new records for the S&P-500 and the Nasdaq, still driven by the frenzy around stocks linked to artificial intelligence and the fall in bond yields.

The Dow Jones index gained 0.23%, or 90.99 points, to 39,087.38 points.

The broader S&P-500 gained 40.81 points, or 0.80%, to 5,137.08 points.

The Nasdaq Composite advanced 183.02 points (1.14%) to 16,274.94 points.

The three major New York indices ended the week in the green and signed a fourth consecutive month of increase, a trend largely due to the craze for artificial intelligence (AI) while the prospects of a reduction in Reserve rates federal government, which have long obsessed the markets, are struggling to materialize.

On Friday, Nvidia gained 4% and exceeded $2,000 billion in market capitalization for the first time in its history, while its rival in the semiconductor sector, Advanced Micro Devices (+5.25%) finished at a record level. Meta Platforms (+2.48%) also benefited from the trend.

While the American economy shows its solidity through indicators, despite the unexpected drop in manufacturing activity in February, according to the monthly survey from the Institute for Supply Management (ISM) published Friday, investors seem to be be made to the idea of ​​a gradual decline in interest rates.

“This is a good thing because we will gradually come out of the cycle of high interest rates and there will be no need to act aggressively,” said Sam Stovall, chief investment strategist at CFRA Research in New York. .

On the corporate earnings side, Dell Technologies jumped 31.6% after beating Wall Street estimates on Thursday for its fourth-quarter revenue, helped by the boom in artificial intelligence and the recovery of the computer market personal.

(Written by Chuck Mikolajczak, Tangi Salaün)

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