The S&P 500 and the NASDAQ reached new record heights Thursday, fueled by disproportionate gains in the technological actions of heavy goods vehicles occurring a new wave of investor confidence in artificial intelligence.
Microsoft, who declared better than expected quarterly results, has become the second listed company in history to exceed a market capitalization of 4 dollars.
The rally has been reflected through Wall Street, the technology and communication sectors reaching heights of all time, and investors recalibrate interest rates after a stronger than expected inflation.
Microsoft assessment reaches $ 4 dollars after gains
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Microsoft (MSFT.O) crossed the evaluation threshold of $ 4 billions of a report on the eruption profits that beat Wall Street expectations.
The milestone in fact the second company listed on the stock market after Nvidia (nvda.O) to reach this level.
Microsoft’s shares have increased sharply at the start of negotiations, strengthening the faith of investors in the long -term value of its investments in AI.
Meta Platforms (Meta.O) also displayed significant gains, climbing 12.1% at a record level. His quarter income forecasts have exceeded estimates, drawn by improved AI performance in its main advertising activity.
Meanwhile, Nvidia added more than 1%, continuing its meteoric increase on the back of the soil of IA flea.
The S&P 500 technical index (.SPLRCT) won 1.2%, while the communication services index (.SPLRCL) increased by more than 3%, both reaching record levels.
Stronger inflation, stable data on jobs remain fed
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A report by the trade department published Thursday has shown that inflation in the United States has increased in June, partly due to prices increasing import costs.
This pushed the price index of personal consumer expenditure (PCE) above expectations and weakened the file of short-term interest rate drops.
The federal reserve maintained its unchanged policy rate at its meeting on Wednesday. The president of the Fed, Jerome Powell, said that he was “too early” to discuss a rate drop in September, adding that current policy was not the economic activity.
Traders using the CME Fedwatch tool now see a probability of 58.8% that the Fed also leaves rates unchanged in September.
The labor market data was relatively stable. Unemployed weekly complaints have experienced a minor increase, indicating a still strong employment environment.
The attention is now going on the non -agricultural pay report on Friday for a clearer perspective on wages and hiring trends.
AI optimism feeds the third monthly gain through the clues
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The rally in the main indices has been reinforced by the softening of global trade tensions and the optimism supported by the economic potential of the AI.
The S&P 500 (SPX) increased from 45.18 points to 6,408.08, and the Nasdaq Composite (.ixic) jumped 245.09 points to 21,374.76. The industrial average of Dow Jones (DJI) added 88.73 points to 44,550.01.
The three clues are on the right track for monthly gains, with the S&P 500 and Dow ready for their third consecutive third month, marking the longest sequence of victories in almost a year.
The Nasdaq has been ready for its best monthly performance since March 2024.
Pricing tensions and political uncertainty are resurfaced
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Trade tensions remain in the point before an imminent deadline. President Donald Trump reiterated his position on the fact of not extending commercial negotiations with sub-performative partners.
EU officials warned that European alcohol could face 15% tariffs from August 1 unless a new agreement is concluded. The Trump agreement with South Korea, reached on Wednesday, reduces import prices to 15% compared to 25% threatened.
Meanwhile, Trump continued to criticize the president of the Fed Powell following the Central Bank’s decision to hold stable rates. The Treasury Secretary, Scott Bessent, said that Powell’s replacement could be announced before the end of the year.
Among the individual actions, the digital applied (APLD.O) gathered 32.7% after having declared quarterly income which exceeded the estimates.
Despite the gains of the day, the drop in shares slightly more numerous than lawyers on the NYSE and NASDAQ, with ratios from 1.17 to 1 and 1.16 to 1, respectively.
