The main Wall Street indices They start the week on the rise, with Nasdaq winning almost 2% thanks to the impulse of Nvidia which records a strong increase due to optimism in the demand for artificial intelligence. This movement has a positive impact on emerging markets, including Argentina.
In that context, the Dow Jones Industrials scale a 0.7%, until 43,041.98 unitswhile the S&P 500 keep it up 1.2% to 6,015 units. He Nasdaq climb 1.8% to 19,969.12 points.
Nvidia rises strongly due to optimism in AI demand
The chip maker stocks lead earnings, after the world’s largest electronics assembler, the Taiwanese Foxconnprovider of Applewill announce record revenue in the fourth quarter of 2024, indicating a continued boom in the artificial intelligence (AI).
The company achieved revenue equivalent to 6.8 trillion Taiwan dollars (208,334 million dollars) in 2024.
As a result of these good results and the boost of AI, at the time of opening, the technological Nvidia scale a 5%, while other relevant companies in the sector also recorded profits: Broadcoma 1.5% and Micron Technologya 11.2%.
Donald Trump’s tariff plan
This day, investors are also awaiting the tariff plan on products from China, Mexico or Canada of the president-elect, Donald Trumpwhich could be more limited than expected, so the tariffs would be applied only on imports considered critical for the US economy, according to the newspaper. Washington Post.
The sources cited by the newspaper did not define exactly what those would be. critical productsbut they would be related to sectors that Trump’s team is trying to “return” to the United States after decades of relocation, such as the defense industry (steel, iron, aluminum and copper), medical products (syringes and pharmaceutical materials) and energy (batteries, solar panels and rare minerals).
However, Trump denied that his team is studying reducing tariff plans. “The article in The Washington Post, citing supposed anonymous sources, which do not exist, incorrectly states that my tariff policy will be cut. That is false. The Washington Post knows it is false. It is just another example of a hoax,” he wrote in a publication in Truth Social.
Short week for the tribute to Jimmy Carter
The previous week, shortened by the New Year’s holiday, was marked by volatility, so facing this beginning, Concerns center on the instability of the stock market and the interest rate projections of the Federal Reserve (Fed). Although, this week will also be shorter, since on Thursday the stock market will remain closed in tribute to the former president. Jimmy Carterdied last week.
In addition, this Tuesday, January 7, one of the main growth reports for the services sector will be released. Analysts expect a result above 50, which means that growth is expected in this sector.
On Wednesday, the minutes of the Federal Reserve. This report will tell us what happened behind closed doors at the last FED meeting.
Source: Ambito
