(CercleFinance.com) – Wall-Street got a little ‘missed’ on the eve of the crucial ‘4 witches’ session which will conclude the first half, the fault of semiconductors (-1.6%) and Nvidia who completely turned the tide after a thunderous start to the session.
Because everything had started under the best auspices (70% of titles up against only 40% at the final bell) after a Wednesday holiday to commemorate the abolition of slavery (‘Juneteenth’).
The US indices have continued to increase in sessions since June 8 and the start of trading, with average gains of +0.3%, seemed to constitute the prelude to the continued rise of the US indices… an almost unavoidable scenario. on the eve of a quarterly deadline.
We were witnessing an anthology of new absolute records: the Nasdaq quickly registered a new zenith at 17,936, the S&P500 at 5,505, the Nasdaq-100 at 19,980 and which is clearly aiming for a symbolic zenith of 20,000 by tomorrow evening.
But the beautiful upward movement came to a halt around 6:20 p.m. as Nvidia, the world’s largest capitalization, erased its initial 3.5% gains (the ‘capi’ rose to $3.425 billion) to fall into the red, and finish at its lowest. , down -3.5%.
Nvidia ($3,218 billion) thus cedes its 1st place to Microsoft (-0.2% to $3,312 billion) but remains ahead of Apple (which fell by -2.2.5% to $3,215 billion).
The Dow Jones (+0.77% to 39,135) seems to have benefited from a ‘sectoral rotation’ since the historic index continued to gain ground while the Nasdaq sank symmetrically (-0.8% to 18,718 in the end), in the wake of Micron -6%, Qualcomm -5.1%, Microchip -4.7%, On Semiconducteurs -4.4%, Applied Materials -3.2%… the exception which confirms the rule was called AMD with +4.6%.
Several US statistics animated the session in the United States, with the publication of the latest real estate figures: housing starts fell by -5.5%, to 1.277 million while the consensus was targeting 1.37 million, after 1.35 million in April.
Building permits also fell, to 1.386 million in May at an annual rate in the United States, after 1.44 million in April (the consensus expected stability).
The Philadelphia Fed index fell 3 points to +1.3 this month.
The new orders subindex still remains negative but improving, from -7.9 in May to -2.2 in June.
That of employment improves with a rebound from -7.5 to -2.5, while the sub-index of prices paid increases by +4 points to 22.5.
According to the survey, more than 32% of the companies surveyed said they expected an increase in their activity over the next six months, 19% a decline and 47% a stable activity.
Registrations for unemployment benefits are down by -5,000 to 238,000 but this is a little worse than expected, the consensus was forecasting -8,000 to 235,000
On the bond market, the yield on T-Bonds ended sharply lower and yields soared: by +12 Points on the ’10 year’ to 4.27%, by +3 Points on the ‘2 year’ at 4.735% and +3Pts on the ’30 years’ at 4,400%.
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