The main Wall Street indices continued to climb positions On Thursday, April 24, promoted by a rebound in the technological sector, before the publication of Alphabet’s results, and the new statements of President Donald Trump about the meeting between the United States and China this morning.
In this context, the Dow Jones index of industrialists rose 1.23% to 40,093.40 points; The S&P500 won 1.96% to 5,481.24 points and Nasdaq Composite showed 2.74% to 17,166.04 points
Technology shine again
Amazon.com inc and Nvidia Corporation They led the technological advance after both companies announced a strong demand for AI data centers, which promoted the actions of the two technological giants to rise more than 3.2% and 3.4%, respectively.
The rebound in the technological sector occurs before the publication of the quarterly results of Alphabet (+2.3%), owner of Google, which will be published after closing. The attention will focus on the firm’s plans for a greater expense related to AI, since the company is among those that invest in this technology on Wall Street.
Trump states that the US and China have conversations about commerce
Trump said that the US met with China this morning, although the president did not come into details about discussion or staff involved. The update generated greater confusion about the state of commercial relations between China and the US since Beijing denied any suggestion “that was in active conversations with the administration of US President Donald Trump about tariffs”.
Only one day before, the Treasury Secretary, Scott Besent, declared that there was no unilateral offer from Trump to reduce Chinese tariffs.
The most and less outstanding actions of the day on Wall Street
International Business Machines (IBM) More than 6% collapsed when the technology company published profits and income better than expected for the first quarter, although it maintained its prognosis for the whole year.
Southwest Airlines They rose 4% despite the fact that the airline announced that it plans to reduce its programming in the second half of this year and reviewed its profit prognosis before interest and taxes for 2025 and 2026.
The actions of Hasbro More than 14% rose since the toy manufacturer reported income from the first quarter that exceeded expectations, driven by the strength of their digital games segment.
Chipote Mexican Grill He advanced 1.2% after the Mexican food chain did not reach the income estimates of the first quarter, with a drop in sales for the first time since 2020. It also reduced the upper limit of its sales growth forecast for the whole year.
Texas Instruments He shot 5.8% when the semiconductor manufacturer reported profits from the first quarter that exceeded expectations and offered an optimistic perspective for the second quarter.
The greatest increases and casualties of the wheel
Among the actions that were most appreciated, Pony Ai (+38%), IMPIJ (+15.6%), Service Now (+14.9%), Hasbro (+14%) and MP Materials (+14%).
While the most resigned value, FISVer (-18.4%), such Education (-18.2%), Churchill Downs (-15.4%), Goosehead Insurance (-15.2%) and CBIZ (-14.6%).
Deep water mining is underway
The TMC Actions The Metals Company shot 45% After the announcement that President Donald Trump will sign an executive order on Thursday, aimed at promoting the deep -waters mining industry.
According to Reuters, the order is part of an initiative to develop international deposits of essential minerals such as nickel and copper, which are vital for several sectors of the economy, including infrastructure and battery production.
The Metals Company, who specializes in the exploration of critical metals from polymetallic nodules of the seabed, could significantly benefit from the impulse of the Trump administration to advance in deep water mining.
The company has a double mission: supply metals for essential infrastructure and energy generation with positive net impacts and establish a cycle of tracking, recovery and recycling of the metals it supplies. This approach aims to foster a sustainable “metal heritage” that could be used indefinitely.
The company’s attention in environmentally respectful extraction methods and its strategic positioning within the industry could be aligned correctly with the possible new regulatory frameworks, which are expected of the Trump administration.
Source: Ambito
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