New York – American shares indices are increasing Wednesday after a four -day losing streak hit Wall Street your all time and threw some of his brightest stars in reverse.
The sANDP 500 increased 0.8% in morning negotiation. The Nasdaq compound, which was the largest loser of the previous day, increased 1.2%, while the industrial average Dow Jones rose 188 points, or 0.4%, at 10:20 am, Eastern time.
The stock market had been fighting after some weakest reports than expected About the economy, including a couple that showed American households are becoming more pessimistic about inflation and duty pushed President Donald Trump. Some of the hardest drops reached Big Tech and other high growth actions, whose incredible impulse had seemed unstoppable.
Super Micro Computer, one of the actions that shot in the frenzy around artificial intelligence Technology lost almost a quarter of its value for four days, for example. But it increased 23% on Wednesday after finally submitting its annual report for its fiscal year that ended in June.
The company, which sells servers used in AI and other computers, had delayed the presentation of its annual report and other forms required after its former accounting firm He raised concerns about some of his financial reports and governance. Super Micro had to obtain Nasdaq extensions to present financial reports as He made a review and hired another public accounting firm.
General Motors accelerated by 6.9% after the car manufacturer announced a program to buy up to $ 6 billion of its shares. It will also send more effective to your shareholders increasing your dividend.
Much of the market care remained in NvidiaThe chip company that has become the AI Rush poster. It rose 3.4% before its latest profit report, which is expired after the negotiation for the day ends.
It will be the first profit report For the company and its CEOJensen Huang, from a Chinese upstart, VeteranThe AI industry turned saying that it developed a large language model that can compete with the great rivals of the United States without having to use the most expensive chips. That questioned all the expense that Wall Street had assumed that it would be not only in the Nvidia chips but also on the ecosystem that is based on the AI boom, including electricity to feed large data centers.
Since then, some large technology companies have said that they still plan to invest billions of dollars in AI, an encouraging signal for the industry.
NRG Energy increased 10.3% on Wednesday after announcing that it joins Ge Vernova and a Kiewit subsidiary in a company to generate more electricity to feed the generative data centers of AI. GE Vernova increased 6.5%.
NRG also reported results for the last quarter that exceeded the expectations of analysts. Most of the other companies in the SANDP 500 has also been providing better profits by the end of 2024 than analysts expected.
The retailer outside the TJX price increased 1.5% after joining the parade. The company behind TJ Maxx and Marshalls also said it plans to increase its dividend 13% and announced a program to buy up to $ 2.5 billion of its shares.
Concerns have increased on whether US buyers can reduce their stubbornly high inflation expenses and nervous about the prospects of the economy. But the CEO of TJX, Ernie Herrman, said his company has benefited from his off -price and sees many opportunities to grow in the long term.
In the bond market, treasure yields remained more stable after falling sharply in recent days with concerns about the US economy.
10 -year treasure yield exceeded up to 4.31% from 4.30% on Tuesday night. He had been about 4.80% last month.
On Thursday, the United States Department of Commerce will issue its third and final estimate of how the US economy served in the fourth quarter of 2024. The economy still seems to be in solid formand Growth continues at the moment.
In the stock markets abroad, the indices increased in much of Europe and Asia. France Cac 40 rose 1.1%, and Hang Seng from Hong Kong jumped 3.3%.
Tokyo’s Nikkei 225 index was an atypical case and fell to 0.2%. Large Japanese commercial companies slipped after the profits promoted by the billionaire Warren Buffett’s Disclosure in his annual letter to shareholders that increased Berkshire Hathaway investments in those companies.
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Commercial writers AP Matt Ott and Elaine Kurtenbach contributed.
