(CercleFinance.com) – Wall Street continued the rebound started the day before on Tuesday, a fairly logical scenario after a series of six sessions of decline, including a real ‘sell-off’ on semiconductors wiped out on Friday evening.
If the Dow Jones only recovered +0.7% to 38,503, the S&P500 gained +1.2% to 5,070 and the Nasdaq Composite climbed +1.6% to 15,696, in the wake of Amazon + 1.3%, Microsoft +1.7%, Microchip +3.2%, Illumina +3.5%, Nvidia +3.7%, Netflix +4.2%…
Tesla also gained +1.9% before its results: the worst having been anticipated, the drop in sales of the electric car manufacturer did not impress Wall Street and the stock recovered +10% in the ‘after hour’.
The main marker of the return of serenity to the American markets, the ‘VIX’ volatility index continued to relax and returned to around 16.3 (compared to 18.6 on Monday when trading resumed).
Another positive factor, sales of new homes rebounded unexpectedly by +8.8% in the United States in March despite the still high level of interest rates, with a median sales price which even returned to the rise.
On the other hand, growth in the American private sector slowed down in April, according to the S&P Global composite PMI index which stood at 50.9 in flash estimate, compared to 52.1 in final data for the previous month. .
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