New York, June 5 (EFECOM).- Wall Street closed this Wednesday in green with the Nasdaq at 17,187 points (1.96%), stimulated again by the strength of the chip manufacturer Nvidia, which surpassed Apple as the second company with largest market capitalization in the US (and the world), only behind Microsoft.
At the close of the session on the New York Stock Exchange (NYSE), the Dow Jones Industrial Average, its main indicator, rose 0.25% to 38,807 points, and the S&P 500 rose 1.18% to 38,807 points. 5,354 units.
Nvidia, which ended the day with a rise of 5.16%, reached the milestone of exceeding 3 trillion dollars (2.76 million euros) in market capitalization with investors reaffirming their commitment to being one of the technology companies. with greater projection in the Artificial Intelligence market
Nvidia had a market value of $3.019 billion, compared to Apple’s $2.99 billion, at the market close on Wednesday. Microsoft is still the most valuable listed company, with a capitalization of $3.15 trillion.
Nvidia shares have risen more than 24% since the company reported its first-quarter results in May, and it now has a market share in AI chips of around 80%.
Nvidia’s powerful advance on Wednesday also led the S&P 500 to a new intraday all-time high.
Slightly weak labor market data releases also supported the S&P 500’s record high, giving investors hope that the Federal Reserve could lower interest rates this year.
According to the latest private payrolls report, hiring slowed in May in the United States to 152,000 new jobs, below the 175,000 expected by many analysts.
Regarding the sectors, the growth of the technology sector (2.68%) driven by Nvidia, and the communications sector (1.51%) stood out, while those that fell the most were public services (-0.58% ) and that of essential goods (-0.22%).
Among the 30 Dow Jones stocks, the biggest gains fell on the side of Intel Corp (2.5%) and Microsoft (1.91%), and the largest losses were those of Cisco (-2.95%) and Walt Disney (-1.77%).
Texas oil closed up 1.12% to $74.07 a barrel. At the close of trading, 10-year Treasury bonds were down to 4.281%; and gold rose to $2,373 an ounce. EFECOM
gac/fjo/gbf
