2025-08-29 22:30
publication
2025-08-29 22:30
The S & P500 index ended Friday under the line after the day before in history was recorded above 6,500 points. The sale was mainly affected by the shares of companies related to the AI sector.
The S&PC after a decrease by 0.64% ended the day at 6460.26 points. Despite this, in the whole of August, the benchmark managed to gain 1.9%, ending the fourth month in a row. NASDAQ reduced by 1.15%, descending to level 21 455.55 points. But Dow Jones lost barely 0.20% and finished with a score of 45,544.88 points.
The results of the main indexes themselves indicate what was the best. This something was the shares of companies related to the fashionable AI sector. The NVIDIA rate dropped by 3.3%, Broadcom by 3.7%, Oracle by 5.9%, and AMD by 3.5%. However, someone else has started the spark of this sale.
Dell Technologies shares were overestimated by almost 9% after publishing the results for the second quarter. It is true that Dell admitted that the demand for equipment needed to handle AI algorithms remains very strong (the company raised a year -round sales forecast from USD 15 billion), but the growing production costs turned out to be the problem, which translated into a disappointing decline in the gross margin.
We would like to remind you that the day before, Nvidia broke the market consensus for profits and revenues, while maintaining a high gross margin of 72.4%. An example of Dell showed investors that not every company AI such art can succeed.
– Today we observed a decrease in the top market segment – they were in technology. This is not the first time we have some concerns about overinvestment in AI, the lack of moneting of opportunities and such things – told Reuters Zachary Hill, the main managing at Horizon Investments.
Macro data on Friday was also not published on Friday. The measure of inflation, preferred by the Fed – the base de defaltor of consumer expenditure (PCE Core) – in July, as expected by the economists, he rose from 2.8% to 2.9%. And this is quite far from the 2 % inflation target of the federal reserve. In addition, consumer inflation expectations in the study of the Michigan University have increased again. Inflation expected in the next perspective increased from 4.5% to 4.8%. However, long -term inflation expectations rose from 3.4% to 3.5%.
Despite this, the term market is convinced that at the September meeting Powell and the company will reduce the rate of federal funds by 25 PB. The implicated probability of such a decision is 87% – according to the Fedwatch Tool calculations made on the basis of termination of termination contracts on FFR. Until the end of the year, the market fully values at least two 25-point reduction in federal funds.
We are now entering in September, which is statistically the worst month at Wall Street. According to The Stock Trader's Almanac, in particular S&P 500 has recorded extremely poor results in September in the last 10 years.
KK
