The New York Stock Exchange ended mixed on Monday, with investors riding a wave of optimism around artificial intelligence (AI) on the eve of a new meeting of the Fed, the American central bank.
The Nasdaq index (+1.24%) broke a new record and the broader S&P 500 index gained 0.38%, while the Dow Jones lost 0.25%.
The Nasdaq “reached new heights largely thanks to the performance of semiconductor stocks” and thanks to “a feeling of hope for AI”, commented to AFP Adam Sarhan, of 50 Park Investments.
This index with a strong technological component was notably driven by certain big names in the sector, including Broadcom (+11.21%).
The group continued to be supported on Monday by its good results and by the statements of its managing director, Hock Tan, who sees a “massive opportunity” for his company in the development of artificial intelligence.
Other giants of the sector finished in the green, like Micron (+5.60%), Marvell Technology (+3.32%) and Intel (+2.40%), and certain mega-caps technology companies were also able to benefit from this movement, such as Alphabet (+3.54%), Apple (+1.17%) or Tesla (+6.14%).
According to Mr. Sarhan, the optimism of the American market also stems from the announcement of the Japanese investment company in the technology sector SoftBank.
The company will invest $100 billion in the United States over the next four years, its CEO, Masayoshi Son, promised Monday alongside President-elect Donald Trump, a gesture that demonstrates his “confidence” in the American economy.
Mr. Son is doubling down after having already committed to injecting $50 billion into American companies shortly after Donald Trump’s first electoral success, in 2016.
“The end of the year tends to favor an upward trend on the market,” added Mr. Sarhan.
Investors now have their sights set on the Fed meeting on Tuesday and Wednesday, after which a further rate cut is widely anticipated.
After the September and November reductions, more than 95% of market players are counting on a new cut of a quarter of a percentage point, according to the CME Group tool.
The yield on 10-year US government bonds remained stable at 4.40%, as it closed on Friday.
Elsewhere on the stock market, after jumping at the start of the day, the software company MicroStrategy Computer finished close to breakeven (-0.04%) following the announcement of the group’s future inclusion in the Nasdaq index. 100 on December 23.
Taking advantage of the progression of bitcoin, which reached $105,792 around 9:30 p.m. GMT, the cryptocurrency sector gained ground, including Coinbase (+1.52%), Robinhood (+7.46%) and Riot Platforms (+8. 01%).
The American automobile group Ford was sanctioned (-3.85%) after being given a poor rating by Jefferies analysts, while the data storage company NetApp (+3.40%) benefited of a revaluation of JP Morgan.
The industrial conglomerate Honeywell (+3.68%) progressed after statements from its CEO, Vimal Kapur, who noted the possible split of space activities from the rest of the group.
The week promises to be sparse in terms of company publications, even if Micron is expected on Wednesday, while Nike (-0.06%) and FedEx (+0.01%) will present their quarterly accounts on Thursday.
Nasdaq
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