The New York Stock Exchange ended with disparate numbers and the Dow Jones index reached a new historical maximum this Fridayin a context that shows signals of deceleration of economic activity and political uncertainty. The government closure delayed the publication of payroll data.
In this context, the Dow Jones index of industrialists rose 0.51% to 46,758.28 points; The S&P500 closed without changes in 6715.25 points and the Nasdaq Composite depreciated 0.28% to 22,780.51 points.
The non -manufacturing index fell
ANDl Index of purchasing managers (PMI) of the non -manufacturing sector of the Supply Management Institute (ISM), fell to 50 points in Septembersince 52 in August, because the activity of the services sector stagnated in September in the middle of a strong deceleration of the new orders. The weakness of employment was added to the growing evidence of the weakness of the labor market due to the decrease in demand and the supply of workers.
A reading greater than 50 indicates expansion. The services sector represents more than two thirds of the American economic activity.
Wall Street outstanding actions
In the corporate sector, the actions of Apply materialsChips manufacturer, dropped 2.7% after the company announced that it expects that new US exports restrictions reduce their income at approximately 110 million dollars in the fourth quarter of its current fiscal year and at 600 million dollars in fiscal year 2026.
Palantir Technologies Inc It fell 7.4% after Reuters reported that an internal memorandum of the US army indicated important security failures in the communications network of the battlefield built by Palantir and others.
USA RARE EARTH INC. It recovered 14.3% to a historical maximum after its executive director, Barbara Humpton, declared the CNBC in an interview, that the company had close conversations with the Trump administration. USA RARE EARTH is developing a mine in Sierra Blanca, Texas, and a magnet production installation in Stillwater, Oklahoma, as part of its strategy “from the mine to the magnet”.
Meanwhile, Entergy Corporation He advanced 1.9% after announcing that he would supply energy to support Google’s plans to build a US $ 4 billion data center in Arkansas.
ICECURE MEDICAL LTD He climbed 14% on Friday when the company announced that the US Food and Medicines Administration (FDA) granted commercialization authorization for its prossal crying system to treat breast cancer in specific patients.
The approval of the FDA covers the local breast cancer treatment in patients of 70 years or more with low biological risk tumors of up to 1.5 cm who receive adjuvant endocrine therapy.
Is the sale of OpenAi shares the last evidence of a Bubble of AI?
The Sevens Report report highlighted on Friday that the recent secondary sale of OpenAI shares, valuing the artificial intelligence company at approximately US $ 500,000 million, revived the debate about whether the growing enthusiasm for the sector indicates trust or an imminent bubble. According to Sevens Research, the sale allowed employees to part with up to US $ 10,000 million in shares, but finally only US $ 6 billion were offered.
“That predicts good prospects for Openai’s future from the company,” the report said, pointing to the trust of employees in which development perspectives remain solid.
The strategists also pointed out that “it is not a new financing sale to raise capital for expansion, but rather a liquidity event for employees”, reinforcing the optimism that external investors continue to see long -term opportunities after OpenAI’s income of the first 2025 semester already exceeded those of the full year 2024.
However, the high valuation also raises alarm signals, according to the firm. Sevens noted that the figure of US $ 500,000 million is equivalent to “25 times the expected revenues for 2025 of 20,000 million dollars”, a multiple that requires rapid growth to translate into benefits.
“The address will have to demonstrate the ability to monetize profitability growth sooner rather than later to justify such a high assessment,” they warned
And they added that “the potential to trigger a significant taking of benefits in technology and in the market of shares in general” is increasing.
Another agreement exchange: Trump relieves investment restrictions in the US and China offers a large purchasing package
China is urging Trump administration to eliminate national security restrictions on Chinese investments in the United States, offering a potential mass investment package as part of the proposal.
During the commercial conversations in Madrid last month, the negotiators of President Xi Jinping filed demands that would significantly alter a decade of US policy, according to a Bloomberg News report.
The Chinese part also seeks to reduce tariffs on components imported from China that would be used in any Chinese factory built in the US as a result of the agreement.
Earlier this year, Chinese officials suggested a potential investment figure of US $1 billion, although the current size of the proposed package remains without being clear.
Source: Ambito
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