The three reference indices of the NYSE They closed green on Thursday, June 26, touching historical maximums, induced by a rebound in the technological actions driven by chips, since investors continue to bet on a faster adoption of AI. For its part Jerome Powell It does not depart from the route drawn for the destination of the rates.
In this context the index Dow Jones Industriales rose 0.94% to 43,386.84 points; he S&P500 won 0.85% to 6,143.70 points and the Nasdaq Composite 0.97% was appreciated to 20,167.91 points
Middle East calm while the US economy contracted in the first quarter
The tensions in Middle East They seem to be pacifying themselves, with the High fire between Israel and Iranwhile the US plans to meet with Iran next week.
The Iranian Parliament on Wednesday approved a bill to suspend cooperation with the OEA, the UN Nuclear Control Agency.
However, Russian Foreign Minister Sergei Lavrov declared on Thursday that his country wishes that Iran will continue their cooperation with the International Atomic Energy Agency.
On the other hand, attention is now focused on the state of the US economy and the news is less favorable.
He American Gross Domestic Product (GDP) 0.5 % annualized in the first quarter was contracted, according to a final review of the data published on Thursday, which confirmed the first contraction since 2022 and suggested possible obstacles derived from the wide US tariffs.
In the previous revised figure, published in May, the GDP from January to March contracted 0.2 %, which represents a setback with respect to the growth of 2.4 % recorded in the last three months of 2024.
The number of Americans who submitted new applications for unemployment benefits decreased by 10,000 last week, but the unemployment rate could increase in June as more farewell people have difficulty finding work.
Jerome Powell under pressure
The president of the Federal ReserveJerome Powell, maintained an expectant position in the face of future decisions about interest rates in their comments to the legislators of the Congress This week, stating that this strategy is appropriate until more clarity arises about the impact of the US aggressive tariffs on the economy in general.
This position caused even more criticism by the president Donald Trumpwho has insisted on asking for lower interest rates.
“With three or four people I am going to choose from,” Trump said, referring to Powell’s replacement. “Fortunately, it will leave soon, because I think it’s lousy.”
A report by the Wall Street Journal indicated that Trump has considered the idea of appointing Powell’s substitute in September, which could undermine the author’s authority, during the rest of his mandate, until May of next year.
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Some of the outstanding actions of Wall Street
Serve Robotics Inc., He won 4.8% after the announcement of the launch of his service in the Metropolitan Area of Atlanta, expanding its autonomous delivery operations along its sidewalks beyond its existing markets in Los Angeles, Miami and Dallas-Fort Worth.
The company’s autonomous delivery robots have begun to operate in the areas of Midtown, Old Fourth Ward and Downtown in Atlanta, attending more than 50,000 residents.
Edgewise Therapeutics Inc 7.2% collapsed after the company revealed that the US Food and Medicines Administration (FDA) considered that the data of its Canyon trial are insufficient for the accelerated approval of Sevasmten for Becker’s muscular dystrophy.
Ascent Solar Technologies Inc., Wiring 160% after the announcement of a collaboration with NASA to develop energy transmission capabilities using beam using the Company’s thin cigs movie photovoltaic modules.
Kewaunee Scientific Corporation He reported profits of the fourth quarter that significantly exceeded the above results, promoting their shares by 23.5% in the operations after closing.
Incyte He advanced 3.6% after the company announced the appointment of Bill Meury as its new president and executive director, with immediate effect. Meury, a veteran of the industry with three decades of experience, happens to Hervé Hoppenot, who retires after 11 years leading the biopharmaceutical company.
Deepseek’s second version in trouble
Deepseek’s next R2 Major Language Model I could face adoption challenges in China Due to NVIDIA server chips scarcity according to a report by The Information published on Wednesday.
Chips scarcity has worsened After the recent one American nvidia H20 chips prohibitionwhich were specifically designed for the Chinese market. Most cloud customers currently use the popular R1 model of Deepseek execute it in these H20 chips.
Although engineers have been working intensely on the new model for several months, executive director Liang Wenfeng is not yet satisfied with his performance, the report added. Deepseek has not yet determined when R2 will be launched.
The company’s engineering team continues to perfect the R2 and will only launch it after receiving Liang’s approval. If the R2 exceeds the existing open source models after its launch, the demand to the Chinese cloud suppliers who are already dealing with the shortage of Nvidia chips is expected to overflow.
Source: Ambito
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