By Caroline Valetkevitch
NEW YORK (Reuters) – The grade -major indices increased and the S&P 500 posted a closing record on Wednesday before the quarterly results of the leader of artificial intelligence NVIDIA, while the dollar has slightly recovered from the drop in the previous session despite the current concerns concerning the independence of the American federal reserve.
A lawyer for the Fed governor Lisa Cook said she would be a complaint against US President Donald Trump after saying he would dismiss her. Trump’s declaration left certain investors worried about the independence of the American central bank.
The two -year -old American treasury yields sensitive to interest rates have dropped to a hollow of almost four months and the yield curve is getting closer while traders weighed the possibility that Trump is able to make more dominant appointments at the Fed.
Even thus, the dollar exchanged flat until more after its drop in the previous session. The dollar index increased by 0.02% to 98.227, while the euro affected its lowest level since August 6 and was down from the last 0.09% to $ 1.1631
The three main American stock market indices have ended.
After the closing bell, Nvidia’s shares fell by around 3% while the company provided for revenues in the third quarter above the estimates of Wall Street.
This year, strong gains for a certain number of actions related to the technology exposed to AI have helped to feed the main equity indices to record heights and the results were considered to be a test of the optimism of the AI which propelled the markets.
“My point to remember is that these figures (Nvidia) are not unexpected, any more than this reaction,” said Nick Frasse, product manager at Vaneck Associates in New York.
“The market has started to take into account that Nvidia can continue to beat most expectations despite the opposite winds and questions like what they will have to pay to continue selling in China,” he added.
The company recently agreed to pay the US federal government 15% of sales it made in China in exchange for unfained export licenses.
Technological actions, including several AI managers, have wobbled this month with investors indicating certain signs of prudence emerging in the sector.
The industrial average of Dow Jones increased by 147.16 points, or 0.32%, to 45,565.23, the S&P 500 added 15.46 points, or 0.24%, to 6,481.40 and the NASDAQ Composite gained 45.87 points, or 0.21%, to 21,590.14.
European shares have slightly rebounded as soon as the day before, investors monitoring political risks in France. The concerns concerning a potential collapse of the government of the French Prime Minister François Bayrou sparked on Tuesday a sale of French assets.
