PARIS (Reuters) – The New York Stock Exchange opened higher on Thursday but the trend is fragile, with investors divided after the results and forecasts of Nvidia, the world’s largest market capitalization.

In early trading, the Dow Jones index gained 161.79 points, or 0.37%, to 43,570.26 points. The broader Standard & Poor’s 500 rose 23.92 points, or 0.40%, to 5,941.03 points.

The Nasdaq Composite took 97.86 points, or 0.52%, to 19,064.00 points.

Nvidia on Wednesday published better-than-expected profit forecasts for the current quarter after posting better-than-expected third-quarter profit. The Nvidia share, indicated in pre-market down more than 3%, took 0.23% on Thursday in the first exchanges while the title has gained more than 20% over the last two months and has seen its value almost quadruple since the start of the year.

Analysts, including AJ Bell’s Dan Coatsworth, note that the semiconductor and artificial intelligence (AI) giant also said it expects its weakest revenue growth in seven quarters, while its margin adjusted gross has slowed down.

In addition to company results and prospects, investors are keeping an eye on the latest developments in the Russian-Ukrainian conflict.

Russia fired a long-range intercontinental ballistic missile on Thursday, for the first time since the invasion of Ukraine, in retaliation for the Ukrainian strike via American missiles launched earlier this week.

On the monetary policy side, the president of the Federal Reserve of Richmond, Tom Barkin, estimated in an interview with the Financial Times that the United States was more vulnerable to inflationary shocks than in the past.

Market participants now anticipate with a probability of only 55.7% a Fed rate cut of 25 basis points in December compared to a probability of 72.2% a week ago, according to the CME Fedwatch barometer.

On the macroeconomic side, unemployment claims fell in the United States last week, to 213,000, a sign of a still robust labor market, even if the indicator is subject to frequent revisions.

In the rest of the day’s values, Alphabet lost 4.17% while the US Department of Justice asked the group to part with its Chrome browser and take other measures to end its monopoly on online search. .

Cryptoasset groups like Riot Platforms (+3.91%), Mara Holdings (+10.60%) and Hut 8 (+3.71%) are in the green while bitcoin recorded a record above Thursday. of 98,000 dollars.

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(Written by Claude Chendjou, edited by Blandine Hénault)

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