PARIS (Reuters) – The New York Stock Exchange opened higher on Tuesday, driven by new technologies and more particularly the semiconductor sector, against a backdrop of enthusiasm for artificial intelligence (AI).

In early trading, the Dow Jones index gained 18.14 points, or 0.05%, to 39,331.78 points and the broader Standard & Poor’s 500 rose 0.25% to 5,231.42 points.

The Nasdaq Composite gained 0.5%, or 81.16 points, to 16,465.62.

Gains on Wall Street are, however, limited and trading reduced, with many investors already on vacation for this week shortened to Thursday due to the Easter weekend.

The publication on Friday of the PCE price index, the preferred measure of inflation by the American Federal Reserve (Fed), also gives rise to a wait-and-see attitude.

While traders are pricing in at least a 70% probability of a Fed rate cut in June, compared to a probability of around 60% last week, the yield on 10-year US sovereign bonds is stable at 4 .2672%.

In terms of values, chip manufacturer Micron Technology, which set a record on Monday, gained another 1.98%, while Nvidia, on the way to becoming the second largest capitalization on Wall Street, advanced 0.90%. The semiconductor index, up 0.87% on Tuesday, is heading towards a double-digit gain over the entire quarter, reflecting the hopes placed in AI.

That of technological news advances by 0.41%.

Tesla, which announced its intention to offer its American customers a free month trial of its FSD (Full Self-Driving) driving assistance system, jumped 4.38%.

Krispy Kreme, the chain specializing in donuts, soared 18.87% thanks to an extension of its partnership with McDonald’s (-0.29%).

(Writing by Claude Chendjou, edited by Kate Entringer)

Copyright © 2024 Thomson Reuters