The case is updated
After a brisk start, the mood on Wall Street soured, then a rally started which caused all the leading indices to end in the green.
The NASDAQ ended up 0.72 percent at 11,590.40, the Dow Jones 0.34 percent at 33,156.41 and the S&P 500 0.53 percent at 4,012.39.
The ten-year US government bond yield drops somewhat to 3.88 per cent, while the “fear index” VIX falls 5.5 per cent to 21.06.
Movements
Nvidia– rally. The chip manufacturer presented unexpectedly good results for the fourth quarter, and moreover the “guidance” for the current period surprised positively. Rising sales to data centers helped offset weak demand in the PC market. Nvidia is also expected to profit from more extensive use of artificial intelligence, which requires more computing power than is common today. Nvidia ended up over 14 percent at $236.87.
Lucid Group fell 11.9 percent to $8.75. The electric car manufacturer disappointed in the last three months of last year and spoke of “challenging” times. The company reported operating income of 257 million dollars in the fourth quarter, previously the consensus was 302 million.
Netflix was punished after announcing price cuts in over 30 countries. The stock fell 6 percent, but recovered somewhat and ended down 3.35 percent at $323.08.
After closing time came Warner Bros with disappointing quarterly figures. The share is penalized in after-market trading, and is down 5.34 per cent. The company reported operating income of 11.01 billion dollars, against an expected 11.36 billion, according to figures from Refinitiv.
Beyond Meat , which produces substitutes for meat, delivered a better fourth quarter than expected. The share is up more than 13 percent in after-market trading. The company reported operating income of 79.9 million dollars after closing time on Thursday. In advance, operating income of 75.7 million dollars was expected CNBC.
The oil price
Figures from the US Department of Energy (EIA) showed that crude oil inventories in the US rose by 7.6 million barrels to 479.0 million barrels last week. According to Trading Economics, the consensus pointed towards a build-up of 2.1 million barrels.
Brent oil is up 2 percent to $82.16 a barrel, while WTI oil is up 2.2 percent to $75.55.
The oil giants Chevron, Exxon, BP og Shell ended in green. Chevron up 1 percent, Exxon 0.94 percent, BP 1.9 percent and Shell 2.2 percent. Shell thus had the biggest rise of the oil giants on Wall Street.
