(Reuters) – The New York Stock Exchange opened on Thursday, carried by the encouraging prospects of the heavyweights of Tech Microsoft and Meta, which have so far relegated to the background concerns about the American economy.
In the first exchanges, the Dow Jones index earned 187.11 points, or 0.46% to 40,856., 47 points and the Standard & Poor’s 500, wider, increased from 0.99% to 5,624.18 points.
The Nasdaq Composite took 2%, or 349.31 points, at 17,795.66 points.
Very supervised, Microsoft and Meta’s quarterly results suggest that the technological sector remains healthy despite the tremors caused by the new American trade policy and recent concerns concerning the relevance of investments in artificial intelligence (AI).
Meta and Microsoft’s prospects “have not been as dark as those of some of the technological companies we have heard recently,” said Art Hogan, analyst B Riley Wealth.
Facebook’s parent company increased by 6.4% at the opening, while Microsoft climbed more than 10%. In their wake of other “tech” companies, such as Nvidia, Coreweave and Broadcom, advance from 2% to 12%.
The signs of resilience in the sector are all the more appreciable in a context of fears about the prospects for the American economy, which has contracted unexpectedly in the first quarter under the effect of customs duties implemented by American president Donald Trump.
Investors also learned that unemployment registrations had increased more than expected in the United States on Thursday during the week to April 26, at 241,000, while economists were waiting on average 224,000 unemployment registrations.
Investors are waiting at 2:00 p.m. GMT the ISM index on Thursday on the American manufacturing industry. Apple and Amazon will publish their quarterly results after the fence of the scholarship.
Also note, the McDonald’s fast food chain, the quarterly turnover of which has unexpectedly fell due to a weakening of demand, loses 1.6%.
(Written by Diana Mandiá)
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