Wall Street opens steadily
The Wall Street stock market started the day with a stable trend, after a mixed trading session. Investors are in a waiting phase, with particular attention paid to the quarterly results of Nvidia, one of the leading companies in the technology sector. At the opening, the Dow Jones registered an increase of 59.43 points, corresponding to +0.14%, while the S&P 500 showed a slight decline of 1.50 points (-0.03%) and the Nasdaq lost 24.30 points (-0.13%)
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Focus on Nvidia and its results
Nvidia, with a market capitalization of more than 3,600 billion dollars, is at the center of investor attention. The company saw a decline of 0.7% at the start of the session, but all eyes are on the financial results that will be published when the markets close. These data are expected with great interest, as they could significantly influence the S&P 500 and Nasdaq Composite indices, determining the market trend for the rest of the year. In particular, investors are curious to find out how demand for the new Blackwell chips, designed for artificial intelligence, will translate into the company’s financial results
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Oil market impact and other economic news
In addition to Nvidia’s results, the oil market showed signs of growth, with the price of WTI oil at Nymex registering an increase of 0.94%, reaching 70.04 dollars per barrel. This increase may reflect investor concerns about global economic stability and energy demand. In addition, recent news indicates that Ford has announced the cut of 4,000 jobs in Europe, mainly in Germany and the United Kingdom, by 2027. This decision was made in response to economic weakness and demand for electric cars that did not meet expectations. The adjustment of the production of the new Explorer and Capri models is another sign of the challenges that the automotive sector
is facing.