(CercleFinance.com) – Wall Street continues the rebound that began on Monday, a fairly logical scenario after a series of 6 sessions of decline, including a real ‘sell-off’ on semiconductors on Friday evening.
If the Dow Jones only recovers +0.6%, the S&P500 gains +1.3% to 5,076, the Nasdaq climbs +1.6% in the wake of Amazon +1.3%, Microsoft +1.7 %, Microchip +3.2%, Illumina +3.5%, Nvidia +3.7%, Netflix +4.2%… and Tesla gained +1.9% before its results: the worst having been anticipated, the drop in sales did not impress Wall Street and the stock recovered +10% in the ‘after hour’.
The main marker of the return of serenity to the US markets, the ‘VIX’ continues to relax and returns to around 16.3 (compared to 18.6 on Monday when trading resumed).
Another positive factor is sales of new homes which unexpectedly rebounded by +8.8% in the United States in March despite the still high level of interest rates, with a median sales price which has even started to rise again, show data published Tuesday by the Department of Commerce.
These sales increased to 693,000 units on an annualized, seasonally adjusted basis after 637,000 units the previous month.
On an annual basis, that is to say compared to March 2023, they are up 8.3%.
In detail, they increased mainly in the North-East (+27.8%) and in the West (+8.6%).
Note that the Dollar lost almost -0.4%, gold lost an additional 1%, to $2,315 per ounce.
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