(Reuters) .- The Nasdaq Composite scored a record, supported by a rebound in Nvidia’s actions, but the other Wall Street indices fell, since an inflation fact and a flood of bank results failed to excite investors.
It was the fourth session of five in which the Nasdaq index, in which technology has a great weight, closed in a historical maximum, and the eighth since June 27.
The leader of the chips for artificial intelligence, Nvidia, was the main factor of the Nasdaq rise, after he revealed plans to resume sales of his H20 semiconductor to China.
The news encouraged other chips manufacturers, such as Advanced Micro Devices and Super Micro Computer. The semiconductor index and the S&P technological index also rose.
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Rob Swanke, Chief of Investment Research of Commonwealth Financial Network, said the news about NVIDIA meant that some investors, which had passed to other values due to the high valuations of technology, were returning.
“I would probably say that it is a rebound of a day,” he added, noting that investors are waiting for sales to be reflected in profits.
According to preliminary data, the S&P 500 lost 0.40% to 6243.67 units, the Nasdaq Composite won 0.18%, at 20,677.80. The Dow Jones industrial average dropped 0.98%, to 44,022.58.
A report showed that US consumption prices scored in June their greatest rise in five months, which suggests that tariffs may be beginning to heat inflation.
Even so, the underlying inflation remained moderate, which offers some peace of mind despite the rebound in prices.
Wall Street opened the results season of the second quarter with a gloomy note, and bank values were shaken by volatility.
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