Following a rise in US Treasury yields, Wall Street’s main indices trim gains after closing in the green on Monday.
The main indices of Wall Street cut profits this Tuesday, August 22, because the US Treasury bond yields rise on growing concern that the interest rates stay high for longer, while stocks of nvidia they fall before their results are known.
In this context, technological nasdaq gains 30.30 points, or 0.2%, to 13,527.89 units, while S&P 500 it yields 6.11 points, or 0.1%, to 4,393.66 units, and Dow Jones it retracts 128.84 points, or 0.3%, to 34,334.85 units.
Wall Street: what about Nvidia?
Wall Street had regained some ground on Monday thanks to the rally in nvidia and other technological values, but this Tuesday it cuts due to the growing rise in the yields of US notes.
Investors are eager to see if the results and forecasts of nvidia They are living up to market expectations, following the success of last quarter’s report, which fueled a lightning rally in tech stocks amid the AI frenzy.
“If they really say that the demand for artificial intelligence is lower than expected, the whole market will be affected,” said Robert Pavlik, a portfolio manager at Dakota Wealth.
The actions of nvidia they reached an all-time high of $481.87 shortly after the markets opened, but were then down 2.8%.
Wall Street: Treasury Yields Break 15-Year Highs
He 10-year treasury note yield it broke 15-year highs after a brief reversal, dragging equities lower.
“The reason we are seeing pressure in the United States stock market Tuesday is that the reality of higher yields has an impact on the markets,” said Phil BlancatoCEO of Ladenburg Thalmann Asset Management.
The bond sale was boosted by the strength of the US economy, which dampened hopes that the Federal Reserve ease your monetary policy soon.
Source: Ambito
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