Wall Street kicks off the session with only the Dow Jones in negative territory
According to Millenium market analyst Ramiro Loureiro, "Wall Street is off to a mostly positive start, with the technology sector buoyed by news that the US will lift some restrictions on chip exports to China, allowing NVIDIA to sell H20 to the Asian giant."
The New York Stock Exchange opened Tuesday's session mixed, with only the Dow Jones in negative territory.
Thus, the Dow Jones lost 0.13%, standing at 44,403.44 points, the S&P 500 rose 0.36% to 6,290.95 points and the technological Nasdaq gained 0.80%, reaching 20,804.88 points.
According to Millenium market analyst Ramiro Loureiro, "Wall Street is off to a mostly positive start, with the tech sector buoyed by news that the US will lift some restrictions on chip exports to China, allowing NVIDIA to sell H20 to the Asian giant."
"AMD is also excited by the news. TradeDesk is soaring with its inclusion in the S&P 500. MP Materials is excited about a deal with Apple. Coreweave is buoyed by the expansion of its data centers in Pennsylvania," he noted.
On the macroeconomic front, the expert highlighted that "it was revealed that US inflation rose more than expected in June, but with positive indications for a decline in underlying inflation compared to May. Also noteworthy was the revelation of multiple bank accounts, which marked the official start of the second-quarter earnings season, with Citigroup and JPMorgan reacting positively."
jornaleconomico
