Wall Street ended higher with Nasdaq and S&P 500 records

The NY Stock Exchange ended yesterday on the rise with new records for the Nasdaq and the S&P 500. The Dow Jones gained 0.17%, while the technological Nasdaq and the S&P 500 rose 0.22% and 0.25% respectivelyboth at new all-time highs.

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The two largest companies in the Dow Jones (16% of the index between them), UnitedHealth (1.2%) and Goldman Sachs (1.6%), rose, and technology companies boosted the Nasdaq. Microsoft (0.9%) reached a new record at the close, and It is worth almost 3.2 billion dollars on the stock market. The new proposals launched in recent days by the firms that promote generative artificial intelligence (AI), including Microsoft, Google (+0.61% for its parent company Alphabet) and OpenAI, once again pushed the sector up on the stock market.

With less presence in the AI ​​sector, Amazon (-0.21%) and Meta (-0.9%) lost some ground while They invest billions in this technology. For Jack Ablin of Cresset Capital, this euphoria will be tested with the results of the sector’s superstar, the semiconductor manufacturer Nvidia, which will be known on Wednesday at the close of the market.

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For Ablin, the market has risen too much and is overheated. “If we compare stock prices with bond prices, they are at their highest levels, probably since the financial crisis.” of 2008.

Among the values ​​of the day, Tesla shares soared 6.6% after a group executive indicated that the manufacturer expected to start in 2026 deliveries of its electric truck, of which it expects to sell about 50,000 units a year.

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AFP