Flash US stocks They struggled for guidance on Tuesday amid a cautious environment as investors awaited results from chip giant Nvidia due on Wednesday.
The Dow Jones Industrial Average rose 0.02% to 41,250.50 points; The S&P500 gained 0.16% to 5,625.80 points and the Nasdaq Composite appreciated 0.16% to 17,754.82 points.
Countdown by NVIDIA
Quarterly results of NVIDIA Corporation, which will be published on Wednesday after the end of the session, serves as an indicator of “whether the AI-driven technological rebound has room for improvement or whether it will soon lose strength.”
Ahead of the chipmaker’s results, Truist Securities said in a recent note, citing regular dialogue with component buyers and sellers, that “Nvidia’s business trends continue to improve.”
nvidia
Investors are eager to see the results of Nvidia, one of the main beneficiaries of artificial intelligence.
Reuters
Over the chips, the Apple stock It rose a little 0.36%, having pared losses following the announcement late Monday that Luca Maestri will step down as chief financial officer from early 2025.
The countdown to Apple product event, scheduled for September 9, investors also continue to lead, among the expectations of some technological optimists, who dream of the next iPhone of the technological giant, which could trigger a historic upgrade cycle.
“In our opinion, Apple could sell more than 240 million iPhone units in fiscal 2025 As this AI-driven renewal cycle takes hold,” Wedbush Investment Banking said, adding that the iPhone maker could be the “gatekeeper to the consumer AI revolution” with the launch of Apple Intelligence. integrate their AI models into Apple’s ecosystem, which is supported by 2.2 billion iOS devices and 1.5 billion iPhones worldwide.
Netflix Inc. For its part, it rose 1.5% as Evercore ISI raised its price target on the stock to $750 from $710 per share.
Actions of Globally Important They fell 7% after executive Edgar Bronfman Jr. withdraw from the race to control the media conglomerate, allowing Skydance Media to acquire it without a bidding war.
Meanwhile, regarding profit, the group The Hain Celestial Group Inc rose 19% after reporting better-than-expected fiscal fourth-quarter earnings that offset revenue, which missed Wall Street estimates.
Waiting for September at the Fed
The moderate views of the officers are shown Federal Reserveespecially Chairman Jerome Powell, traders were pricing in a cut of at least 25 basis points in September.
The highlight of this week’s economic calendar is Friday’s personal consumption expenditure price index, the Federal Reserve’s preferred inflation benchmark.
Thursday’s revised second-quarter GDP figures, along with the weekly initial jobless claims report, are also on the agenda.
Will Elon Musk say yes to Donald Trump?
The race for the presidency of the United States is in full swing, with trends and decisions attracting global attention.
On the Democratic side, Joe Biden he withdrew his candidacy, and in his place the party chose Kamala Harris, current vice president, as its official candidate. This election seeks to match the growing popularity of former President Donald Trump.
The Republican, who is known for his controversial proposals, surprised again with his latest idea: Elon Musk in his cabinet among them.
In an interview with Shawn Ryan, an American television producer and screenwriter, Trump expressed his desire to work closely with Musk, “whom the former president considered a genius,” who loves the United States very much and would a valuable resource for the country.
Although Trump admitted he wasn’t sure how straight Musk is He could be part of his team because of his multiple commitments, he suggested that he could be a consultant on artificial intelligence. “Nobody knows more than Elon about that,” he said.
Obviously andlon Musk is aware of Trump’s interest in which he is part of his cabinet and in the past he declared that he is “willing to serve”, he even shared on his X account an image generated by artificial intelligence where he is seen in front of a United States flag, with the title “Department of Government Efficiency”.
United States presidential elections Next Tuesday, November 5, 2024, But the person who will be in charge of running the country is still “without a favorite”, perhaps the possibility of seeing Musk, in the Trump government, could add an interesting flavor to the election.