The Dow Jones opens flat up to 45,560 points, while the S&P 500 advances 0.19%, at 6,493 points. Nasdaq 100 rises 0.45% to 23,671 points.
The day was upward yesterday at Wall Street, with the S&P 500 conquering a new historical maximum after rising 0.24%. The Dow added 0.32% and Nasdaq 0.21%.
Two days after the end of August, the large indices are well aimed at registering monthly profits, with the S&P 500 and the Nasdaq uploading more than 2% each. Eldow Jones It is being the best behavior, with a monthly rise of 3% As markets clearly bet on a Fed type cuts in September.
Market operators give a probability of 87.2% to a cut of types of 25 percentage points, according to the CME Group Fedwatch tool.
At the same time, investors seem to be important to threats to the independence of the Federal Reserve by the Trump administration after the president communicated to the governor of the Federal Reserve Board, Lisa Cook, her dismissal earlier this week, a decision that Cook plans to legally challenge. On Wednesday, Trump’s main economic advisor Kevin Hasett said Cook should take a license from the Central Bank despite his plans to go to court.
The macroeconomic agenda of the day is also relevant. Already before the bell touch, the second estimate of the US gross domestic product (GDP) of the second quarter, which shows A growth of 3.3% of the world’s largest economyaccording to the figures of the Department of Commerce. The figure exceeds 3% of the first estimate and also 3.1% that economists had anticipated.
Within this GDP report, the Personal Consumption Expenditure Price Index (PCE) has also been known, used as one of the references to measure inflation, which rose 2.5%. Tomorrow Friday is planned that the data of the PCE of July be published, one of the most anticipated references of the week.
On the other hand, the Labor Department has published that The number of people who requested unemployment state aid was located last week in 229,000, below the 230,000 scheduled. The figure of the previous week was reviewed down, up to 234,000 applications, from an earlier estimate of 235,000. The mobile average of new applications of the last four weeks, which is considered a more reliable indication of trends in the labor market since it reduces volatility peaks, rose to 228,500.
With the session already advanced, the sales of pending housing of July and the manufacturing index of the Fed of August Kansas City will be published.
Nvidia returns to green
But the main protagonist of the day in the parquet is Nvidia, which represents no less than 8% of the S&P 500. The company presented last night its results of the second fiscal quarter of 2026, with which it managed to beat the expectations of the market: it put on the table an increase in income up to 46.7 billion dollars and gains per adjusted action of $ 1.0 dollars. Also, expect 54,000 million income for the third quarter.
At the moment, Nvidia’s shares move with increases close to 1% in the opening, after having fallen more than 3% in the After Hours market. «The negative reaction of the shares seems an instinctive and incorrect reaction,» says David Wagner, director of Variable Rent of Aptus Capital Advisors, who believes that investors should «Take advantage of the fall”.“ The company continues to grow above 50% according to its forecasts, with a quarterly income rate of 50,000 million dollars; It is remarkable, even for the current assessment, ”thinks this expert.
One of the main reasons for the fall is that investors seem frightened by the future of the business in China, which hits a thread in a commercial war context between Washington and Beijing.
There were no Sales from H20 chips to China during the quarter or assumed any shipping in its forecasts. «That is important because it is an unknown. Will they really get the license for the H2´0 and start selling?» Asks Art Hogan, B. Riley Wealth Management’s head of market, in statements to the CNBC. “Not including anything in the third quarter guide means that There is greater bullish potential if, in fact, they get the license for the H20 in China”.
Much better reception have had Snowflake accounts, with a strong rise of 12% in the New York morning for their actions. The Data Cloud and Artificial Intelligence company He won 35 cents per share, after adjustments, on income of 1,140 million dollars in the second quarter of the year. The figures are above 27 cents per share and the 1,090 million dollars of income expected by analysts. His forecasts for the third quarter were also optimistic.
Nepic actions fall 1.2% despite the fact that the results of the first fiscal quarter of the smart data infrastructure company have exceeded expectations. The company He won $ 1.55 per share, excluding extraordinary items, and reached an income of 1,560 million dollarswhile analysts had waited $ 1.54 per share and $ 1,550 million. Its forecasts also coincided approximately with the estimates of analysts.
In the retail sector, light setbacks for Best Buy after presenting results that show adjusted profits of $ 1.28 per share and revenues of 9,440 million dollars. Analysts had waited $ 1.21 per earning action and 9,240 million income. The company maintains its profit and income forecasts for the whole year due to “uncertainty” on the impact of tariffsalthough he hopes to reach “the upper end” in the sales range.
In raw material markets, Oil prices fall although they move inside a narrow margin While the operators continue to monitor the imminent overoferta and the US efforts to force India to give up buying Russian barrels. «Tariffs and sanctions related to Russia, as well as attacks on Russian oil facilities, have maintained resistant oil prices in the high range of 60 dollars, despite the imminent excess supply that prices should lower,» says Citigroup analysts.
American West Texas Petroleum Futures fall 0.17% to $ 64.04 per barrel, while International Reference Petroleum drops 0.13% to $ 67.35.
The euro rises 0.32% against the dollar until leaving the exchange rate at $ 1,1675 for each single currency.
In the fixed income, the American bonus at ten years offers a profitability of 4,235%.