(Reuters) – The New York Stock Exchange opened higher on Wednesday, continuing the rally of recent sessions, with Netflix in the spotlight.
The Dow Jones index gained 135.83 points, or 0.36% to 38,041.28 points, after exceeding the 38,000 point mark for the first time on Monday.
The Standard & Poor’s 500, which is broader and which reached a closing record on Tuesday for the third consecutive session, rose 0.57% to 4,892.30 points.
The Nasdaq Composite gained 0.87%, or 134.15 points, to 15,560.09.
Wall Street welcomes the opening of a new earnings season, marked by good figures from American streaming giant Netflix, which reported record growth in the number of new subscribers in the fourth.
The group’s action jumped 9.4% at the opening, reaching its highest level in two years and dragging in its wake other names in the sector such as Roku (+2.8%).
The session is also driven by the jump in the chip sector, notably Advanced Micro Devices, which rose 1.7% after ASML, a major supplier to semiconductor manufacturers, announced a better-than-expected quarterly profit.
The days to come will be rich in results, and those of the “Magnificent Seven” (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla) will be decisive for the trajectory of Wall Street and confirm, if necessary, the positive dynamics of last sessions.
Tesla, which plans to start producing cheaper electric vehicles in mid-2025 and will report results after the close on Wednesday, is up 1%.
In other corporate news, AT&T, which reported annual profit below consensus on Wednesday, lost 3.4%, while DuPont De Nemours fell 12.7%, the chemical manufacturer s ‘expecting to report a loss in the fourth quarter.
On the macroeconomic front, US investors are awaiting the release of S&P Global’s Purchasing Managers’ Index (PMI) later on Wednesday, US gross domestic product (GDP) data on Thursday and the PCE Consumer Price Index. consumption Friday.
(Written by Diana Mandiá, edited by Blandine Hénault)
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