The three reference indices from the New York Stockwith Nvidia and Apple at the head of the rise in the face of optimism for artificial intelligence (AI) and the expectations of a strong demand from the iPhone, respectively.
In this context, the Dow Jones index of industrialists rose 0.14% to 46,381.54 points; The S&P500 won 0.42% to 6,692.59 points and Nasdaq Composite showed 0.70% to 22,788.98 points.
The Federal Reserve and the inflation data in the spotlight
The type cut of the Federal Reserve (Fed) last week and the comments of its president, Jerome Powell, They imply that the markets already discount two more than a quarter percentage quarter from here at the end of the yearaccording to analysts.
It is likely that investors will focus this week on the speeches of several Fed officials, particularly Powell, Tuesday, In search of more clues about the future monetary policy. The head of the monetary entity emphasizes an approach based mainly on data, for future monetary flexibility.
Besides, various key economic readings of the US will be published this weekincluding the data of the September purchasing managers index, a final reading of the growth of the gross domestic product of the second quarter and, most importantly, the data of the PCE price index (the inflation indicator preferred by the Fed) at the end of the week.
It is expected that The underlying inflation PCE is maintained widely above the annual objective of 2% of the Fedwhile attention will focus on any indication of greater inflation derived from the increase in commercial tariffs.
Wall Street outstanding actions
Nvidia Corporation rose 3.9% after the chips manufacturer announced that Plan to invest up to US $ 100,000 million dollars in OpenAI as part of a plan to build 10 capacity gigawatts over several years.
Apple incon the other hand, it reached maximum of eight months after climbing 4.3% after Wedbush raised its objective price for the action of US $ 270 au $ s310, and highlight its optimism about the demand of the iPhone.
“We believe that iPhone 17 reserves will increase between 5% and 10% compared to last year,” said Wedbush, and estimated that approximately 20% of the 1.5 billion users worldwide who have not updated their phones in the last 4 years will probably do so.
On the other hand, the actions of Kenvue 7.5% fell after a Washington Post report that indicates that The Trump administration plans to announce that the use of its Tylenol medicine by pregnant women is potentially related to autism.
Fox advanced 2.6% after the president Donald Trump said in an interview on Sunday that Rupert Murdoch and his son Lachlan will probably participate in the agreement to save Tiktok In the US.
The actions of Snap They shot 4.2% after the parent company of the Social Network Platform Snapchat will confirm your plan to launch spectacles ready for the consumer in 2026.
Publication of new quarterly results
This week there are more results from Technology sector that analyzing and is likely to offer an updated vision of enthusiasm around artificial intelligence.
Tuesday, Micron Technology (+1.1%) will publish its results after the closure of the market. The panorama around the chips manufacturer has been optimistic, especially after the impressive results of companies such as Broadcom (-1.6%) and Oracle (+6.2%), as well as a series of favorable sales forecasts, according to analysts of Vital Knowledge.
The manufacturer of electronic components and provider of Apple, Jabil Circuit (+3.9%), which bet strongly so that the data centers that stimulate AI, will boost a strong demand for infrastructure services, will publish their quarterly results on Thursday. The consulting giant Accenture (+0.1%) will present their results that same day, although analysts have expressed concern about the impact of AI on their business.
Besides, The technological sector had to assimilate the introduction of a new visa rate from the Trump administration.
Friday, the White House He announced that it would require companies to pay US $ 100,000 annually for H-1B work visas, which led several companies, such as Microsoft (-0.6%), Alphabet (-0.8%) and Goldman Sachs (+0.08%), to recommend to their workers not to leave the US or return to the country immediately.
Goldman Sachs raises his forecasts for the S&P 500
Goldman Sachs has raised his forecasts for the S&P 500and said that the solid growth of profits should boost new achievements, even with high valuations.
The Bank now foresees that the index reaches 6,800 points at the end of the year, 7,000 in six months and 7,200 in the next 12 months, which implies profitability of 2%, 5%and 8%, respectively, from the closing of Friday at 6661.03 points. The review reflects the extension of Goldman’s profitability forecasts at 3, 6 and 12 months.
Growth growth is considered the key factor. Goldman projects that the profits per action (BPA) of the S&P 500 will increase by 7% both in 2025 and 2026and that the profits will represent most of the total profitability of 14% of this year.
“With relatively stable long -term interest rates, profits should continue to be the main driver of the rise in the future,” Goldman’s strategists said in a note, led by David Kostin.
Source: Ambito
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