2024-07-27 12:40:59
The NYSE ended yesterday with strong gains, benefiting from a technical rebound in the technology sector After a difficult week, but also a greater rotation towards other industries.
He Dow Jones ended with a rise of 0.3% to 40,415.44. The expanded S&P The U.S. 500 gained 1.1 percent to 5,564.41, while the technology-rich Nasdaq rose 1.6 percent to 18,007.57.
Semiconductor stocks were among the big winners on Monday, recovering from recent weakness, as U.S. stocks rose ahead of key economic data and earnings this week.
Nvidia, Broadcom y Texas Instruments were among chip companies that rose more than 2%.
Nvidia, the chip giant that has become indispensable for the development of the artificial intelligence (AI) generative, shined especially (+4.76%).
The group had last week wiped out nearly $300 billion of market capitalization.
Meta (+2.23%), Tesla (+5.15%) y Alphabet (+2.21%), which publishes its results on Tuesday after the close, have also been shining in recent days. President Joe Biden’s announcement that he will not run for re-election dominated the news cycle, but analysts described the effect on the markets of Biden’s departure and the endorsement of Vice President Kamala Harris as muted.
According to the analyst Patrick O’Hare, of Briefing.com, “We are in a period of political uncertainty and these (tech) stocks play a defensive role” for investors, “given their leading positions in their markets, the strength of their balance sheets and the sustainable growth of their profits.”
For some, the hypothesis of a triumph of Donald Trump in November, accompanied by a Republican majority in the House of Representatives and the Senate, seems less certain than just a few hours ago. The emergence of a more popular candidate than Biden gave wings to some stocks on Monday, in particular the solar and wind energy giant NextEra Energy (+1.25%).
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2024-07-27 12:40:59