(new york) The New York Stock Exchange, in the green, was heading towards new highs on Thursday, after a holiday and records for the NASDAQ and the S
The technology-dominated NASDAQ index rose 0.25%. The expanded index S
If the momentum continues, this would be the eighth consecutive record for the NASDAQ. As for the S
The coronation of Nvidia (3.56% around 9:45 a.m. Eastern time) continues, the specialist in superchips for generative artificial intelligence having overtaken Microsoft and Apple on Tuesday in the world ranking of companies with the heaviest weight on the stock market .
The Santa Clara group has a market valuation of $3.335 billion after closing up 3.51% at $135.58.
Some of its competitors followed suit such as AMD (3.43%) and Intel (1.08%).
Others, which took off on Tuesday in the wake of Nvidia, made up some ground like Arm (-2.83%) or Broadcom (-0.81%).
Salesforce, the giant of client software on the “cloud” (cloud computing) which is also equipped with the AI tool, gained 2.58%.
On the bond market, rates tightened after the publication of lower than expected weekly applications for unemployment benefits in the United States.
New jobless claims fell by 5,000 last week to 238,000. However, the Federal Reserve (Fed) is waiting for signs of deterioration in the job market before starting to lower its rates.
In response, the yield on ten-year securities rose to 4.27% from 4.21% at the last close.
This better return on the dollar caused the note to rise by 0.20% against the euro which was worth 1.0723 dollars.
In the medium term, however, analysts estimate that the job market is relaxing: “the unemployment rate (editor’s note: at 4% currently) will continue to increase this year to reach 4.5% by the end of the year,” estimated Ian Shepherdson of Pantheon Macroeconomics.
Among other macroeconomic news, the real estate market continues to weaken, handicapped by high mortgage rates.
Housing starts fell in May to 1.277 million on an annual basis from 1.352 million in April. Building permit applications are also down sharply.
“A delay in the Fed lowering interest rates will remain a hurdle for both builders and buyers in the near term,” commented Rubeela Farooqi, chief economist for HFE.
Among the “Magnificent Seven”, Microsoft (-0.77%) and Apple (-0.38%) fell slightly while Amazon was on the rise (1.14%) after presenting new business-to-business services. -business on its distribution platform.
Dell Technologies (5.43%) and Super Micro Computer (SMCI, 8.53%) soared while Elon Musk suggested Wednesday on xAI artificial intelligence and the construction of a supercomputer.
Tesla was down 1.37%.