PARIS (Reuters) – American stock markets opened higher on Wall Street on Friday, supported by semiconductor-related stocks and a pause in the rise in bond yields.
In early trading, the Dow Jones index gained 119.42 points, or 0.32% to 37,588.03 points and the broader Standard & Poor’s 500 rose 0.31% to 4,795.72 points. The Nasdaq Composite takes 0.49% or 73.10 points, to 15,128.748.
Semiconductors could advance for the second consecutive session, after TSMC reported better-than-expected quarterly results on Thursday.
Server maker Super Micro Computer also raised its outlook for the second quarter on Friday, fueling the semiconductor rally.
Bond yields also stopped their rise, after the yield on the American 10-year rose by more than 33 basis points since December 28, bringing some breathing space to risky assets.
Investors will also be paying attention to the publication of the Michigan sentiment indicator at 3:00 p.m. GMT.
Separately, Federal Reserve Board of Governors Mary Daly and Michael Barr will speak at 4:15 p.m. GMT and 6:00 p.m. GMT, respectively, and may discuss the interest rate outlook again.
In terms of values, the rise in values linked to semiconductors is driving Nvidia up, with the stock gaining 1.45% and reaching a new historic record.
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(Written by Corentin Chappron, edited by Sophie Louet)
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