PARIS (Reuters) – The New York Stock Exchange opened on a cautious note on Tuesday as investors position themselves for Wednesday’s publication of Nvidia’s results and the minutes of the latest monetary policy meeting of the Federal Reserve (Fed).
In early trading, the Dow Jones index gained 22.01 points, or 0.06% to 39,828.78 points and the broader Standard & Poor’s 500 fell 0.16% to 5,299.83 points. The Nasdaq Composite lost 0.39% or 65.50 points, to 16,729.369.
Two important meetings on Wednesday will help liven up an otherwise calm session, with no leading indicators expected on Tuesday.
Nvidia’s results will be closely monitored, as the group has benefited since the beginning of 2023 from the craze for artificial intelligence, one of the main themes having contributed to the good performance of American stocks in 2024.
Nvidia is also the third largest capitalization in the S&P 500, and the impact of a surprise on its figures would not be limited to the technology sector.
The Fed’s “minutes” will also allow investors to clarify their rate outlook in the United States, while American monetary policy makers have ruled out possible rate cuts in recent days.
In terms of values, Zoom Video Communications on Monday raised its turnover forecasts for the whole year but less than expected by analysts, which caused the stock to fall by 1.8%.
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(Written by Corentin Chappron, edited by Kate Entringer)
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