The New York Stock Exchange it ended higher on Monday, benefiting from the previous week’s good move despite a session lacking in notable news. The Dow Jones gained 0.58%, the Nasdaq index gained 1.59% and the broader S&P 500 index gained 0.97%. The Nasdaq and S&P 500 posted their eighth straight gain on Monday, their best streak this year. “Today’s session continues the positive trend” began last week, said Art Hogan of B. Riley Wealth Management.
The New York market had no major indicators to watch and there will hardly be more in the coming days. In terms of business, it will be worthy of a few publications from the distribution sector, especially the DIY chain Lowe’s (Tuesday), the supermarket chain Target (Wednesday) or the low-cost specialist TJX (also Wednesday) .
Easier on bond rates
On Monday, Wall Street was also encouraged by the easing of bond rates. The yield on 10-year US government bonds stood at 3.87%, compared with 3.89% at Friday’s close. On the market, the semiconductor designer AMD (+4.52%) participated in the sector with the announcement of the acquisition of the computer server and data center specialist ZT Systems, for 4.9 billion dollars. So AMD plans to offer a more comprehensive offering in the field of artificial intelligence (AI). His competitors Nvidia (+4.35%) and Intel (+3.11%) also perform well.
Other AI stocks, such as Alphabet (+2.22%) or the data analysis company Palantir (+1.31%), also reported. McDonald’s (+3.25%) benefited from a price target increase from analysts at investment bank Evercore ISI. They believe that the supply giant is able to continue gaining market share in the United States due to its low price policy.
2024-08-19 21:17:49
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