Investing.com – The index significantly underperformed on Monday, falling 0.06% at the close, while the index gained 0.55% and 1.24%.
Once again, tech stocks led the way, leaving the tech-light Dow Jones behind. Within the DJIA, the 3 largest increases were also posted by Big Techs, with Nvidia which increased by 3.43%, Amazon (NASDAQ:) by 1.53% and Microsoft (NASDAQ:) by 1.06%.
NVIDIA Corporation (NASDAQ:) benefited from the anticipation of its boss Jensen Huang’s speech at the Consumer Electronics Show in Las Vegas, which visibly pleased investors as the stock ended post-market trading up 0.53 Additional %..
Remember that the stock had already increased by 4.43% last Friday and 2.99% on Thursday, and has gained a total of 11.3% over the last 3 sessions.
Conversely, P&G, Honeywell (NASDAQ:), Nike (NYSE:), Verizon (NYSE:) and Coca-Cola (NYSE:), posted the biggest falls among Dow Jones stocks.
These headlines were indeed affected by the fact that the President-elect of the United States, Donald Trump, denied media reports that his administration will pursue a less aggressive tariff regime than previously feared.
Trump has in fact denied information from the Washington Post according to which his administration would only target certain sectors by imposing customs duties, instead of the general customs duties promised by Mr. Trump during his campaign.
Uncertainty over Mr. Trump’s policies also weighed on Wall Street earlier this year, given that he is widely expected to adopt expansionary and protectionist policies that could support inflation and disrupt global trade.
Regarding the next events likely to influence the Dow Jones and other American indices, this Tuesday will be the occasion for the publication of the ISM of US services for the month of December as well as the JOLTS report on offers of jobs.
However, it is above all the NFP report on non-agricultural job creations on Friday which will be most likely to have a lasting influence on the trend of the Dow Jones and US stocks in general.
Finally, it should be noted that the Dow Jones is currently stable on the futures markets, which does not rule out a new day of weakness this Tuesday.
