Wall Street opens mixed as Dow Jones drops 0.05%

NEW YORK, New York.— This Thursday, the day on Wall Street opened on mixed terrain, when the S&P 500 The stock reached a new record, driven by gains from technology company Nvidia, which last Tuesday reached a market capitalization of 3.34 billion dollars and became the most valuable company on the market.

At the opening

Ten minutes following the opening of the New York Stock Exchangehe Dow Jones Industrial Average fell 0.05% to 38,816 points; the selective S&P 500 rose 0.44% to 5,497 units, and the technology Nasdaq advanced 0.28%, to 17,911 points.

What is affecting the markets today?

The market’s gains, following Wall Street closed on Wednesday due to a federal holiday, were driven largely by a boost from Nvidia, which was up 3% in early trading. The chipmaker’s shares have soared 174% so far this year.

On Tuesday, Nvidia surpassed Apple and Microsoft to become the most valuable company on the stock exchangethanks to the rise of the artificial intelligence (AI) generative.

This morning the rise of technology stocks also stood out Super Micro Computer (9 %) y Dell (7%), following that Elon Musk announced that both companies will provide servers to its artificial intelligence startup xAI to develop a supercomputer.

This technology would help Tesla develop computer vision and large language models needed by robots and autonomous vehicles, according to specialized media.

Despite the AI ​​boom, some analysts are concerned regarding the huge market share of the largest technology companies and point out that investor euphoria over this technology resembles a bubble that will eventually burst.

By sectors

The most notable were gains in the energy sector (0.79%) and public services (0.6%), and losses in the real estate sector (-0.46%) and health sector (-0.36%).

Among the 30 Dow Jones stocks, Salesforce (2.34%) and IBM (1.37%) led the gains, while the biggest losses were for Dow (-1.68%) and Boeing (-1.26%).

Meanwhile, the yield on the benchmark 10-year Treasury bond rose to 4.289%.

In other markets, West Texas Intermediate (WTI) crude oil opened Thursday with a rise of 0.88%, staying above the $80 barrier (82.27) in the face of escalating tensions in the Middle East, where the Israeli threat of an offensive in Lebanon prevails.

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