As markets await new earnings numbers and face political uncertainty from the presidential election, the outlook remains mixed, with fluctuations possible in the coming weeks.
Wall Street falls slightly this Wednesday as investors analyze the results of Morgan Stanley (MS) and others, with the possibility of driving a rebound towards all-time highs after the drop caused by ASML (ASML), qthat presented its results before the market opened.
Dow Jones Industrial Average up 0.2%; The benchmark S&P 500 index lost 0.1% and the Nasdaq Composite lost 0.7%. It is worth remembering that the three main indices fell from their historical highs on Tuesday, as sharp cut to ASML’s 2025 sales forecast dented sentiment in AI chip-related stockswhich caused the fall of companies like Nvidia (NVDA). Markets are watching for any new news from ASML on the day its results were scheduled, apparently leaked by mistake.
Morgan Stanley’s quarterly report before the open showed signs of the Wall Street recovery that has boosted big banks’ profits this week. Profits rose compared to last year, thanks to an uptick in mergers and acquisitions, which has also benefited its competitors. Shares rose more than 4% after the publication.
Presentation of results
At the same time, disappointing results from ASML, UnitedHealth Group (UNH) and luxury firm LVMH (MC.PA, LVMUY) have kept otherwise bullish Wall Street alert to possible signs of weakness in other sectors. . Abbott (ABT), Alcoa (AA) and Discover Financial Services (DFS) are also on Wednesday’s agenda.
wall street usa markets
NYSE
In the commodities market, gold (GC=F) rose to a new all-time high, as promises of new tariffs by Republican candidate Donald Trump increased uncertainty over the outcome of the close US presidential race. .
Earnings reports this week have been mixed, with strong results from big banks offset by weak outlooks from companies such as UnitedHealth Group and Dutch chipmaker ASML.
Source: Ambito
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