(CercleFinance.com) – The New York Stock Exchange moved unevenly on Tuesday, with the Nasdaq beginning a rebound in the wake of Nvidia’s recovery while the Dow Jones suffered from the distribution sector.
At the end of the morning, the Dow Jones lost 0.5% to 39,226 points, while the Nasdaq Composite recovered 0.7% to 17,634.9 points.
The technical rebound of the heavily technology-weighted index – after three consecutive sessions of decline – is mainly driven by cheap buybacks on Nvidia, whose stock price had fallen by more than 10% since Thursday morning.
The title of the manufacturer of processors dedicated to AI thus gained almost 4% in the first exchanges.
The decline in the Dow Jones is fueled by the decline in mass retail values, with investors particularly punishing the number one in the Walmart sector.
The title of the supermarket chain dropped almost 3% while its financial director warned that the accounts for the second quarter would benefit from a less favorable basis of comparison than in the first quarter.
In the wake of Walmart, Home Depot lost 3.7% and Best Buy around 3%.
Caution has also dominated the markets since the start of the week, awaiting the publication on Friday of the ‘PCE’ inflation index, a price measure particularly monitored by the Fed.
Investors are also waiting two days before the first debate between Joe Biden and Donald Trump.
On the American market, the yield on ten-year Treasury bonds remains frozen for the third session at around 4.25%.
As for oil, prices are stabilizing after two consecutive weeks of progression. A barrel of light Texas crude (WTI) manages to remain above $81, at $81.6.
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