Despite the proximity to historical records, the market is cautious and awaits new catalysts to define its course.
US stocks on Wall Street fluctuate this Thursday near a new record, as the market’s recent rally loses some momentum.
He S&P 500 down 0.1%, a day after approaching its all-time high set in early December. The Dow Jones Industrial Average remains practically flat and the Nasdaq composite gives up 0.6%. The semiconductor sector is dyed red, with ASML’s share losing 3.7% and AMAT’s almost 4%, which also betrays companies linked to Artificial Intelligence to the downside.
Moves were also mostly calm in overseas markets. Elevance Health led the insurance sector higher after beating Wall Street’s sales and earnings targets and raising its dividend. Video game maker Electronic Arts plunged after releasing preliminary results that disappointed investors. Treasury yields rose.
The S&P 500: few changes after an all-time high
S&P 500 traded virtually flat on Thursday as Wall Street wondered whether all-time highs would be back in play. The general market index falls 0.1%.
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NYSE
This action comes a day after the S&P 500 set an intraday record and ended Wednesday’s session just below its record closing high. The Dow is also very close to new highs this Thursday.
The stock market received a boost from enthusiasm for possible tax cuts and deregulation, as well as signs of resilient economic growth. While tariffs remain a threat, investors have been pleased with the lack of formal action on these rates during the first days back in the White House.
Fourth quarter earnings season It’s also off to a good start.with Netflix and the big banks offering positive reports. But American Airlines poured cold water on that enthusiasm, with the stock shedding more than 6% on Thursday after issuing a very weak report.
Source: Ambito
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