The DOW JONES index rose 577 points, or 1.25%, to 46,701.73 points. Amazon leads the increases, which scores 2.37%, compared to the 2% that IBM increases. Among the few values in the red, Verizon lost 0.49% and Chevron lost 0.42%.
The S&P 500 added 1.02%, at 6,623.11 points, while the Nasdaq advanced 1.21% to 22,024.85 points.
Wall Street is coming off a day of ups and downs yesterday, Tuesday, that finally ended lower: the DOW JONES ended up closing with a fall of 0.18%, while the S&P 500 fell 0.37% and the technology Nasdaq fell 0.84%. Together with the uncertainty generated by the tension in the Middle East, it weighed on investor sentiment. the presentation by the company Anthropic of new Artificial Intelligence (AI) agents, which again caused sharp falls in the values of the software sector and most of the large values of the technology sector.
But in general, the focus remains on Middle East. Yesterday afternoon, US President Donald Trump announced that the US is “in negotiations” with Iran. He added that Tehran is “saying things sensibly” and suggested it is eager to reach a peace deal. In the same line, The New York Times reported that The US would have sent Iran a peace plan to end the warciting two anonymous officials. The 15-point plan was delivered through Pakistan, according to the outlet. Mediators are reportedly pushing for a meeting between US and Iranian officials in the next 48 hours, but both sides remain far apart. In fact, The FARS news agency assures that Iran does not accept a ceasefire with the US.
On the other hand, Iran’s mission to the United Nations has assured through its account on
But this news seems to restore confidence to investors that the conflict can be resolved in the short term or, at least, occur. a de-escalation that allows traffic to reopen through the Strait of Hormuz. At least, oil prices are relaxing in the heat of them: US West Texas futures fall 5.04% to $87.70 per barrel, while international benchmark Brent crude falls 5.12% to $95.12, far from the levels of $119 that it reached last week.
With the opposite sign, the price of gold rose 1.81% to $4,552.96 per ounce, recovering from the sharp falls recorded in recent weeks.
The euro lost a slight 0.23% against the dollar, leaving the exchange rate at 1.1588 dollars for each community currency.
Main values of Wall Street
In the business section, GameStop shares move with few changes after yesterday the company presented quarterly accounts at the close of regular business that bring one of lime and another of sand. The company put on the table some earnings per share of 49 cents on revenue of $1.1 billion. Wall Street analysts had forecast earnings of 37 cents per share but revenue of $1.47 billion.
Chewy Soars 10% Following Better-Than-Expected Results and Upbeat Guidance for the Quarter and Year. Chewy reported adjusted EBITDA of $162.3 million, higher than the $161 million analysts expected. However, revenue was lower than expected, as the company posted $3.26 billion, versus the consensus estimate of $3.27 billion.
Looking ahead, the company forecasts net sales of between $3.33 billion and $3.36 billion for the first quarter, while analysts anticipated $3.27 billion. Full-year sales are expected to be between $13.6 billion and $13.75 billion, up from the $13.58 billion forecast.
Falls of 3.6% for KB Home. The construction company registered fiscal first-quarter earnings of 52 cents per share, below the 55 cents per share analysts had anticipated. Revenue of $1.08 billion also fell short of the consensus estimate of $1.1 billion. Additionally, KB Home forecasts housing revenue and deliveries for the current quarter that missed estimates.
Braze shares soar nearly 25% after the cloud software company posted fourth-quarter revenue of $205.2 million, while analysts had expected $198.2 million. Braze also forecasts revenue for the current quarter that beats the market estimate. However, its fourth-quarter adjusted earnings of 10 cents per share fell short of the consensus expectation of 14 cents per share.
In other news, ConocoPhillips CEO Ryan Lance has clarified that the oil company has no intention of returning to Venezuela in the short term. “They still have a long way to go for the country to be globally competitive and attract the billions of dollars in investments that will be required,” he noted during his participation at the CERAWeek conference held in Houston.
In the pharmaceutical sector, Merck&Co has agreed to buy Terns Pharmaceuticals for $53 per share in cash, valuing the biopharmaceutical company at $6.7 billion. The deal is expected to close in the second quarter and represents a 6% premium to Terns’ closing price on Tuesday.
ARM shares listed on Wall Street soar more than 13% in New York morning after the company launched its own CPU and associated server rack for artificial general intelligence, a fundamental step for the chip designer. For years, Arm has played a key role in developing processors for everything from the iPhone to data center chips, but with this launch it expands its reach.