Le parquet du New York Stock Exchange ( GETTY IMAGES NORTH AMERICA / SPENCER PLATT )
The New York Stock Exchange closed in scattered order on Monday, with investors seeking to position themselves after a turbulent post-election sequence, while maintaining a wait-and-see posture before Wednesday's publication of results from semiconductor giant Nvidia.
The Dow Jones fell 0.13%, while the Nasdaq index gained 0.60% and the broader S&P 500 index gained 0.39%.
“Two weeks ago, the elections caused the markets to explode. (…) Last week, we lost half of these gains. The market therefore started this new week in a middle ground, with very little data economic”, Art Hogan, of B. Riley Wealth Management, commented to AFP, with no major indicators expected in the coming days in the United States.
The upward movement of some indexes “is linked to interest in buying the dip after last week's consolidation,” Patrick O'Hare of Briefing.com observed in a note.
Investors have their sights set on a series of results from large companies, including Walmart and Lowe's (DIY) on Tuesday, Target and TJX (off-label ready-to-wear) on Wednesday, then Gap on Thursday.
But “the biggest news of the week” is the publication of the results of semiconductor giant Nvidia on Wednesday, underlined Art Hogan.
Nvidia “can move the market because the company is one of the early winners in the artificial intelligence (AI) revolution,” he added.
The group became the world's largest capitalization at the beginning of November after overtaking Apple, displaying a capitalization of approximately $3,480 billion, ahead of the Apple firm's $3,400 billion.
If the chipmaker's results are better than expected, “a rebound is expected for semiconductors, but also for the technology sector in general,” he added.
Pending publication, the action of the behemoth fell on Monday (-1.29%) following information published by The Information concerning an overheating problem on the new Blackwell chip, “the most powerful in the world” according to the company, which must be commercialized by the end of the year.
Despite Nvidia's decline, the semiconductor sector was in demand, including Broadcom (+0.50%), AMD (+2.99%), Micron (+1.21%), Intel (+2.01%) %)and Qualcomm (+2.49%).
Elsewhere on the stock market, the action of Donald Trump's media group soared at the end of the session, catapulted by information from the Financial Times on the possible takeover of a cryptocurrency exchange platform.
The title of Trump Media and Technology Group (TMTG) accelerated in the last minutes and closed up 16.65%.
Still supported by the prospects of easing regulations promised by Donald Trump, the online brokerage platform Robinhood progressed (+8.29%).
Tesla shone (+5.62%), driven by information from the Bloomberg agency according to which Donald Trump's team would like to make the definition of a regulatory framework for autonomous vehicles a priority.
This development is considered favorable for the car manufacturer, which wishes to launch its robotaxi in 2026.
In reaction to this information, the VTC (tourist vehicle with driver) giant Uber (-5.35%) and its rival Lyft (-4.53%) plunged.
The media group Warner Bros Discovery ended in the green (+2.71%) after announcing an agreement with the North American professional basketball league NBA which puts an end to a dispute dating back several months.
On the bond market, the yield on 10-year US government bonds stood at 4.42%, compared to 4.44% at the close on Friday.
