A promising start for Wall Street
The trading day on Wall Street kicked off with a positive sign, thanks to the excellent performance of the Nvidia stock, which registered an increase of 4.8%. After a negative start during the pre-market, the stock reached a new all-time record, reaching 152.89 dollars. This change of course was fueled by the publication of the company’s quarterly results, which surprised investors favourably, demonstrating the strength of the business and continued growth in the artificial intelligence chip sector
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Market reactions
Despite the optimism generated by Nvidia, markets remain cautious due to persistent geopolitical tensions between Russia and the West. These uncertainties continue to influence investor sentiment, keeping volatility high in financial markets. After the first exchanges, the Dow Jones Index registered an increase of 123.18 points (+0.28%), while the S&P 500 rose by 15.09 points (+0.26%). The Nasdaq also gained 52.57 points (+0.28%), highlighting a climate of
confidence among market players.
Development of the oil market and unemployment benefits
The oil market showed positive signs, with WTI at Nymex rising by 2.11%, reaching 70.20 dollars per barrel. This increase was supported by growing demand and expectations of an economic recovery. In the United States, the number of workers who applied for unemployment benefits for the first time fell to 213,000, the lowest value since May, exceeding expectations that were set at 220,000 claims. However, the total number of workers receiving benefits increased slightly, reaching 1,908,000, signaling a still fragile labor market situation
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Innovations in the technology sector
In a context of growth, Amazon’s cloud computing division is investing heavily in custom chips to improve the efficiency of its many data centers. This investment aims to reduce operating costs and ensure a more efficient service to customers. Meanwhile, Bitcoin continues its upward run, reaching a new all-time high above 98,000 dollars before suffering a slight decline. Currently, the cryptocurrency is trading at just over 98,000 dollars, marking an increase of 4.86% compared to the previous value, highlighting the growing interest of investors in the
cryptocurrency market.