The poor performance of large companies like Nvidia and Microsoft happens in a week marked by holidays. It should be remembered that the US markets will be closed on Thursday for Thanksgiving Day.
Wall Street falls this Wednesday hand in hand with technology stocks that fall more than 2% as a whole, since the losses of several of these large technology companies offset the gains in other areas of the market.
The S&P 500 fell 0.3%, the Nasdaq Composite fell 0.8% and the Dow Jones Industrial saved the day and climbed 0.2%. Actions like Nvidia fall -3.1%; Broadcom it does so at -2.8% and Advanced Micro Devices it does so at -2.1% and Salesforce cuts almost -4%.
As a whole, the technology sector falls 1.3%, while that of Royal State scales 1.2% and leads the day’s gains followed by the financial sector, where the role of Berkshire which climbs almost 3%.
Key data for the market
The US economy grew at a healthy 2.8% annual pace between July and September, according to the Commerce Department, leaving its original growth estimate for the third quarter unchanged. The growth was driven by strong consumer spending and an increase in exports.
The update follows a report Tuesday from the Conference Board that indicated U.S. consumer confidence improved in November, but not as much as economists expected.
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NYSE
Bond yields fall in the bond market. The yield on the 10-year Treasury note fell to 4.25% from 4.30% late Tuesday. The two-year bond yield fell to 4.21% from 4.25% late Tuesday.
It should be remembered that US markets will be closed on Thursday for Thanksgiving Day.
Source: Ambito
