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Indicators: Wall Street opens mixed and the Nasdaq rises 1.3% after Nvidia results

Ruetir by Ruetir
May 25, 2023
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Indicators: Wall Street opens mixed and the Nasdaq rises 1.3% after Nvidia results
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Wall Street It opened this Thursday in mixed territory and the Nasdaq, in which the main technology companies are listed, rose 1.3% at the opening due to the pull of Nvidia shares that have shot up 22.5% after the announcement of its business results.

Ten minutes after the start of trading on the New York Stock Exchange, the Dow Jones Industrials, its main indicator, fell 0.40% to 32 thousand 668.73 units and the selective S&P 500 also gained 0.45% to 4,133.62 points. For its part, the composite market index Nasdaq rose to 12,648.78 integers.

The shares of the American processor manufacturer Nvidia have shot up 22.5% after the company announced yesterday the business results of the first quarter of its fiscal year, in which it earned 26% more than the same year last year.

YOU MAY BE INTERESTED: Wall Street closes in the red and the Dow Jones falls 0.77%

Some commentators have pointed out that the company could reach a trillion dollar stock market valuationa barrier that only a handful of companies like Apple, Microsoft, Alphabet or Amazon have reached.

By sectors, the red color dominated on Wall Street, with the biggest losses being energy (-2.46%) and essential goods (-1.16%), while technology led the gains with a rise of 3.12 percent.

Among the 30 Dow Jones stocks, the companies with the biggest losses were Intel (-4.29%), Chevron (-2.31%) and Walgreens (-2.08%), while the gains were posted above all by Microsoft (2.34%) and Salesforce (0.88 percent).

JM

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