The Dow Jones index drops 0.14% to 45,574 points, while the S&P 500 goes back 0.22%, in 6,487 points. Nasdaq 100 drops 0.44% to 23,598 points.
The actions come from a bullish session yesterday Thursday that allowed Dow Jones and S&P 500 to conquer new historical maximums. The Dow rose a slight 0.16%, enough to close at 45,636.90 points, a new record in its almost 130 years of history. The S&P 500 closed with a 0.3%rise, at 6,501.86 points, the first time in history that exceeds the 6,500 mark, and that in the intra -quotation it came even further. The Nasdaq technological advanced 0.5%.
The quarterly results of Nvidia, better than expected, contributed to consolidate the confidence of the health investors of the AI sector and that the value ended up closing with a fall somewhat less than 1%.
With the three major indices in historical maximums or close to them, it can be said that August profits have been solid. In the absence of today’s session, he DOW JONES has registered an advance of 3.4% in the month. The S&P 500 has registered a 0.5% increase so far this week and accumulates a 2.6% rise so far this month. The Nasdaq has risen about 1% this week, which has contributed to boost August to 2.8%.
All eyes now go to Consumer Expenditure Index (PCE)which is the reference that most closely looks at the Federal Reserve when setting its monetary policy. The publication, shortly before the opening, has fulfilled the forecasts: the growth rate of the general PCE was maintained stable at 2.6% in the year -on -year rate in July, with an increase of 0.2% monthly. JanL PCE Underly.
Meanwhile, consumer expense, which is more than two thirds of economic activity, rose 0.5% in unstacted terms in July, according to the data of the Trade Department. The June data was checked up, from 0.3% to 0.4%. The personal income figure rose an intermensual 0.4%, after an increase of 0.3% in June, according to the report.
«The recent evolution of inflation does not offer much tranquility,» says Sema Shah, the main global Asset Management strategist. «Although the July inflation report was not alarmingly strong, the underlying signals point to an increase in pressure on prices in a context of higher commercial tariffs.»
Today, operators give a Probability of more than 85% to a cut of types of 25 points At the September Fed meeting, according to the CME Group Fedwatch tool.
Investors are going on to tiptoe for the US president’s offensive, Donald Trump, to control the US Central Bank. Yesterday, the governor of the Lisa Cook Federal Reserve filed a lawsuit in which he alleges that Trump has no power to dismiss her from his position, which gives rise to a legal battle that could question the norms established for a long time about the independence of the US Central Bank.
At the moment, President Trump has responded by requesting the judge to denied Cook’s request. The Federal Reserve, in a separate judicial document, is not pronounced on the cook demand that challenges its dismissal, but requests the judge to issue an immediate ruling to resolve the dispute.
Today the consumer confidence index of the University of Michigan of August will also be published, although we will have to wait for the day already started.
In the business field, Beauty registers 2% falls after the retail perfume chain and beauty products has raised its prognosis of profits and income for the whole year. UULTA ANNUAL INCOME OF BETWEEN 12,000 AND 12.1 billion dollarsabove the estimate of 11.7 billion dollars of analysts. Likewise, the company predicts annual profits of between $ 23.85 and $ 24.30 per share, while analysts expected $ 23.65.
31.25% shoot in the morning New York Ambarella after the semiconductor company has presented Some forecasts for the third quarter better than expected. Ambarella expects income in the current quarter of between 100 and 108 million dollars, while analysts had planned 91 million dollars. The firm also exceeded the estimates of analysts in net income and profits in the second quarter.
AFIRM Holdings triggers 21% after the profits and income of the fourth fiscal quarter exceeds analysts’ estimates. The technological He won 20 cents per action on income of 876 million dollarswhile analysts expected 11 cents per action about 837 million.
Outside the results, the Chinese service company in the Alibaba cloud has developed a more advanced chip within China’s efforts to advance AI without ‘help’ of Nvidia. The Alibaba chip, which is currently in tests, is manufactured by a Chinese company, according to The Wall Street Journal. Other Chinese companies would also be working on the development of substitutes for the NVIDIA H20 chip.
Alibaba shares listed on Wall Street rise more than 8%, while Nvidia records decreases from 2%.
In raw material markets, oil prices They fall, but they are directed towards a weekly gain, trapped between the expectations of a lower demand as the end of the summer in the US, the greatest world consumer, and the uncertainty about the availability of the Russian supply. Petroleum future West Texas declining 0.33% to $ 64.39 per barrel, while international brent oil drops 0.31%, at $ 67.77.
The euro drops 0.18% against the dollar until they leave the exchange rate at $ 1,1662 for each community currency.
In the fixed income, once the PCE data has been published within the expected, the profitability of the ten -year -old bonus is 4,230%.