The Thursday session at Wall Street ended with moderate increases in the main indexes, and in the center of attention were better than the expectations of analysts, the quarterly results of the NVIDIA concern. Investors also analyzed the court decision, which considered the illegal majority of the decision on the duties of President Donald Trump.
Dow Jones Industrial at the closure increased by 0.28 percent. and amounted to 42,215.73 points
S&P 500 gained 0.40 percent at the end of the day and amounted to 5,912.17 points
Nasdaq Composite increased by 0.39 percent Up to 19,175.87 points
The index of companies with medium capitalization Russell 2000 is growing by 0.28 percent. and is 2,073.84 points
The VIX index drops by 0.57 percent, to 19.20 points
Nvidia gained over 3 percent at the end of the day. The world's largest integrated circuits presented an optimistic forecast for revenues for the current period, despite the fact that the economic slowdown in China has affected its results.
The company's report showed that NVIDIA is still developing dynamically, powered by the demand for its AI systems, which are used to create and implement applications, such as OPENAI CHATGPT.
Nvidia's profit per share in the previous quarter was 96 cents after taking into account the correction compared to 93 cents estimated by analysts. Revenues amounted to USD 44.06 billion compared to market expectations at USD 43.31 billion.
Total income increased by 69 percent. During the quarter, and sales in an important company dealing with data centers – including AI systems and related parts – increased by 73 percent. In an annual basis, up to USD 39.1 billion.
NVIDIA expects $ 45 billion in sales in the current quarter, compared to LSEG estimates at the level of 99 cents of corrected profit per share at USD 45.9 billion in the quarter.
“The Wednesday report on NVIDIA's profits is crucial not only for her, but for the entire stock market, because it can restore investors' optimism throughout the line and help them focus by artificial intelligence, and less on information from Washington on curses and taxes,” said James Demmert, investment director at Main Street Research.
Investors evaluate the decision of the American Court for Foreign Trade, which he considered illegal most global duties imposed by President Donald Trump and blocked them.
According to the Court, Donald Trump crossed his rights by imposing customs tariffs to other countries on the basis of the Act on international extraordinary economic rights. The court stated that under the US constitution, only Congress has the right to regulate trade with other countries.
“The court's decision is a step back in Donald Trump's tariff plans, but it may not change the final result for most main trade grounds of the USA,” wrote Alec Phillips, the US main economist at Goldman Sachs in the report.
“The ruling brought the markets a temporary sense of relief, even when the uncertainty as to whether the US administration fully follows it, it persists. Although for now the variability has decreased, the lack of clarity as to the reaction of the US government may again cause turbulence on the market. Until the Supreme Court issues the final judgment, it is unlikely that we can see a lasting solution,” said James Leong, CEO of Grasshopper Asia.
“Assuming that the appeal will not be effective in the next few days, the main positive factor is time to prepare, as well as limiting the width of the tariffs, which at the moment cannot exceed 15 percent.” – said George Lararias, chief economist at Forvis Mazars International Advisors.
The US gross domestic product in the first quarter fell by 0.2 percent. In the immersion (Saar) quarter to the quarter – the Department of Trade in the second calculation said. Initially estimated -0.3 percent In the fourth quarter of 2024, the US GDP increased by 2.4 percent, and in the third quarter of GDP increased by 3.1 percent.
Private consumption increased by 1.2 percent in the first quarter, compared to 4.2 percent. in the previous quarter. 1.8 percent were initially estimated.
The base PCE deflator was 3.4 percent in the first quarter of the KDK immersion KDK, due to the initial respect of 3.5 percent. and 2.6 percent in the previous quarter. The PCE deflator is a measure of inflation preferred by the American federal reserve.
The number of people applying for the unemployment benefit for the first time last week in the US amounted to 240,000. Economists expected that the number of new unemployed would amount to 230 thousand. against 226 thousand previously.
The number of unemployed continuing the collection of the allowance was 1.919 million a week, which ended on May 17. Analysts expected 1.893 million against previously recorded 1.893 million, after a correction from 1.903 million.
The number of contracts for the sale of houses signed by Americans in April fell by 6.3 percent. month to month – the National Association of Realtors said. Analysts from Wall Street expected that the number of contracts for the sale of houses fell by 1 percent.
A month earlier, the number of signed contracts for the sale of houses (Pending Home Sales) increased by 5.5 percent. MDM, after correction.
On the oil market, contracts for WTI in June reduce by 1.50 percent. up to USD 60.91 per barrel, and July Futures on Brent Futures fall by 1.17 percent. up to 64.14 USD/B. (PAP Biznes)
pr/
