(CercleFinance.com) – The New York Stock Exchange should continue to move without much direction on Tuesday, even if investors seem ready to seize the buying opportunity offered by the recent decline in Nvidia shares.
Half an hour before the opening, the ‘futures’ contract on the Dow Jones index fell by 0.4% while that on the Nasdaq gained 0.4%, suggesting a new session in scattered order.
The Nasdaq appears to be heading towards a technical rebound after having aligned three consecutive sessions of decline against a backdrop of valuations considered high after having recorded a gain of more than 16% this year.
The upward trend should mainly be driven by cheap buybacks on Nvidia, whose stock price has fallen by more than 10% over the last three sessions.
The recent appearance of the markets shows that operators remain on the lookout for the slightest opportunity to return to stocks, invest cheaply and above all not miss the upward trend.
‘Investing when indices are at historic highs can seem frightening since from a psychological point of view, everyone wants to enter the markets at low points’, recalls Raymond James.
On the macroeconomic agenda, speakers are awaiting the Conference Board’s consumer confidence index, which will provide a clearer view of the recent effects of inflation on household morale.
On the bond market, the yield on 10-year Treasuries continues to fall towards 4.24%, in the wake of that of the German Bund of the same maturity, which lost two basis points to 2.40%.
Crude prices are falling again on the New York NYMEX market after their recovery the day before, the December contract on American light crude (West Texas Intermediate, WTI) losing 0.3% to 81.4 dollars.
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