S&P and Nasdaq close at new highs. Nvidia was the star of the session
Trading is booming on Wall Street, and two major North American indexes hit new closing numbers, with the S&P 500 hitting historic highs. Nvidia has surpassed Microsoft and Apple in terms of market cap.
It was a record day for North American stock markets. Wall Street ended Tuesday's session higher, with the S&P 500 hitting a new historic closing high, as it already did on Monday. The Nasdaq Composite Index, despite recording the highest closing value ever (seventh in a row), was unable to touch the 17,935.98 points it reached in the previous session.
Both indicators were driven by The leap taken by Nvidia in negotiations Which allowed the chip manufacturer to occupy first place on the platform of companies with the highest market capitalization at $3.34 billion, leaving behind Microsoft and Apple.
The three technologies are the only ones that are part of the “$3 trillion baby” club that have soared on North American stock markets on the euphoria surrounding artificial intelligence. a Nvidia ended the session gaining value 3.51%l 135.58 dollar.
The Standard & Poor's 500 “benchmark” index advanced for the region 0.25%l 5,487.03 points The Dow Jones Industrial Average rose 0.15%l 38834.86 points. The Nasdaq Composite closed at the waterline and only grew 0.029%l 17862.23 points.
Today's session was also marked by the release of new economic data that fell short of analysts' expectations and indicated strong economic growth. Cooling of the American economy. Retail sales grew 0.1% in May from the previous month, while economists contacted by Reuters expected a 0.3% increase. In April, they recorded a 0.2% increase.
The slowdown in the North American economy indicates that the US Federal Reserve's restrictive monetary policy is starting to pay off. The central bank decided to keep interest rates at the highest level in the past 23 years at the last meeting, as it continues to define a strong economy in the country. However, the latest data makes room for an easing of interest rates later this year, as Fed member Adriana Kugler notes: “If the economy develops as I expect, it would be appropriate to start easing policy.” [monetária] this year.”
North American markets will be closed on Wednesday for the 19th National Independence Day, a holiday that celebrates the end of slavery in the United States.
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