A Wall Street sign in front of the New York Stock Exchange
The New York Stock Exchange opened in disarray on Monday, with investors digesting the latest comments from the chairman of the Federal Reserve (Fed) on rates and awaiting results from semiconductor heavyweight Nvidia during the week.
In early trading, the Dow Jones index lost 37.14 points, or 0.09% to 43,407.85 points, while the broader Standard & Poor’s 500 rose 0.01% to 5,871.14 points.
The Nasdaq Composite for its part gained 0.14%, or 26.48 points, to 18,706.60 points.
American indices hesitate on Monday after collapsing on Friday due to fears about the slowing pace of rate cuts by the Fed and uncertainty about the impact of the policy that future President Donald Trump will pursue.
They are still digesting the effects of the latest comments from Fed Chairman Jerome Powell, who said last week that there was no need for the US central bank to rush to cut rates, comments that fueled fears that the Fed slows down the pace of its monetary easing compared to what had been previously anticipated.
The markets also remain suspended on the results of Nvidia, which will publish its third quarter figures on Wednesday. This data will be crucial in assessing whether the optimism around AI, responsible for much of the technology rally in markets earlier this year, can persist.
The Information site also reported on Sunday that the American group is experiencing overheating problems on servers linked to the new Blackwell artificial intelligence chip, which makes some customers fear that they will not have enough time to implement new data centers. The title of the American semiconductor giant dropped 2.2% at the opening.
The electric car manufacturer Tesla took 5.5%, thus extending its gains after Donald Trump’s victory.
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(Written by Diana Mandiá)
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