Wall Street opens in mixed territory, with the Dow Jones down 0.04%

NEW YORK, New York.- Wall Street opened this Thursday in mixed terrain, when the Dow Jones Industrial Averageits main indicator, fell 0.04%, after a series of business results that disappointed analysts.

At the opening

Ten minutes after the opening of the New York Stock Exchangehe Dow Jones was located at 39,112 points; the selective S&P 500 rose 0.16% to 5,486 units, and the technology Nasdaq advanced 0.36%, to 17,869 points.

What is affecting the markets today?

This morning the semiconductor manufacturer Micron fell 4% after its earnings and revenue guidance disappointed investors: The company announced that it expects revenue of $7.6 billion in the fiscal fourth quarter, just above the $7.59 billion forecast by experts.

However, its sales increased by 81% compared to the same period last year due to the demand for artificial intelligence (AI).

Wall Street has just closed a day of gains marked precisely by the big technology companies, especially Amazonwhich surpassed the $2 trillion mark for the first time in market capitalizationl. This morning, the company was up 1%.

“While Micron’s results were disappointing, revenue and profit growth remains substantial. There hasn’t been any significant negative news to legitimately dampen enthusiasm for AI,” analyst Tom Essaye notes in his daily Sevens Report.

Beyond AI, notable falls were seen at Levi Strauss (-17%) after posting disappointing quarterly earnings, and Walgreens (-25%), which cut its outlook for this year and posted earnings that were also lower than expected.

On the other hand, the market has its eyes on the American banks after the Federal Reserve (Fed) said the 31 largest U.S. banks are well positioned to weather a severe recession and stay above minimum capital requirements.

Investors are awaiting the publication of the price index in personal consumption expenditure in May, one of the central bank’s key indicators.

By sectors

The communications (0.8%) and energy (0.41%) sectors led the gains, while the financial (-0.46%) and public services (-0.23%) sectors recorded the biggest losses.

Among the 30 stocks, Salesforce (1.85%) and Apple (0.92%) rose, while Goldman Sachs (-1.95%) and Visa (-1.68%) fell.

In other markets, West Texas Intermediate (WTI) crude oil opened Thursday with a rise of 0.83% to $81.57 a barrel, while tension on the border between Israel and Lebanon overshadowed weak demand for gasoline in the United States.

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