The main indices of Wall Street closed at maximum records on Thursday, one day after the Federal Reserve cut the interest rates a quarter percentage quarter, while the Intel chip manufacturer climbed after Nvidia decided to take a participation in the company.
Intel was aimed at his greatest daily rise since 1987, after Nvidia said he would invest 5,000 million dollars in the American chip manufacturer that crosses difficulties. His competitor Advanced Micro Devices backed away.
Nvidia went up, recovering from Wednesday’s losses, after a report indicated that Chinese technology companies could stop buying their chips.
The movement promoted Nasdaq, of great technological weight, and the technological sector of the S&P 500, and promoted the broader semiconductor index.
The Russell 2000 small capitalization index won and touched a maximum intradic of 2466 points for the first time since November. It is likely that these companies obtain better results in a low interest rates environment.
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The president of the Federal Reserve, Jerome Powell, said on Wednesday that the weakening of the labor market was a priority for the Central Bank and indicated that more rates reductions could occur at their October and December meetings.
According to preliminary data, the S&P 500 advanced 30.92 points, or 0.47%, at 6,631.27 units; The Nasdaq Composite won 207.17 points, or 0.93%, at 22,468.50 units; and the industrial average Dow Jones rose 130.07 points, or 0.28%, to 46,148.39 units.
Data showed that the number of Americans who submitted new applications for unemployment subsidies fell last week, but the labor market has softened by reducing both the demand and the supply of workers.
It is expected that the rate cuts will contribute to the recent rebound of Wall Street, driven by the expectations of a monetary relaxation and the reactivation of stock marketing based on artificial intelligence. Investors foresee cuts of 44.2 basic points by the end of 2025, according to data collected by LSE.
With Reuters information.
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