Wall Street opened this Wednesday in green with the S&P 500 index installed at almost all-time highs and with the Nasdaq receiving a great boost after a notable advance in technological stocks.
About 15 minutes after the bell, the Dow Jones Industrial Average rose 0.19%, to 44,107 points; the S&P 500 did the same by 0.52%, to 6,080 units; and the Nasdaq advanced 1.04%, to 19,963 points.
This Wednesday the multinational consumer goods company Procter & Gamble also presented quarterly results, which exceeded the company’s expectations and spurred its shares up around 3% during the first stages of the opening.
Likewise, Netflix’s stock soared by approximately 13% after the company reported on Tuesday that it exceeded 300 million subscribers, coinciding with the premiere of the second seasons of some of its most successful productions, such as ‘Squid Game’ ( ‘The Squid Game’), or the boxing match between Jake Paul and Mike Tyson.
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Wall Street opens in green with the S&P 500 close to all-time highs
On the other hand, Nvidia shares grew more than 4% after the president of the United States, Donald Trump, announced yesterday the creation of a joint company called ‘Stargate’ – with OpenAI, Oracle and Softbank – to invest “in least $500 billion” in artificial intelligence infrastructure in the country.
Oracle rose 7% yesterday after the news and today it rose around 6%.
Meanwhile, the market continues to analyze what effect Trump’s tariff policy will have, which considers imposing rates of 25% on imports from Mexico and Canada as of February 1, and 10% on China on that same date.
By sectors, the increases in technology (2.03%) and communications (1.76%) stood out today; and real estate (-1%) and energy (-0.95%) fell, mainly.
Among the 30 largest listed companies in the Dow Jones, the advance of Travelers Companies (6%), Microsoft (2.7%) and Amazon (1.69%) also stood out, with declines in Johnson & Johnson (-3%), International Business Machines (- 1.29%) and Home Depot (-1.18%).
With information from EFE.
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