Wall Street closed in the green on Tuesday after three sessions with significant lossesin a day of relief for the market after historic falls also on international stock markets due to growing fears of a recession in the United States.
He Dow Jones Industrial Average closed today with a 0.76% advance, reaching 38,997 pointswhile the selective S&P 500 grew by 1.04% (5,240 points) and the technological Nasdaq rose by 1.03% (16,366 units).
Yesterday, the Dow Jones fell 2.6%, while the S&P 500 fell 3%. Both indices recorded their worst sessions since September 2022. The Nasdaq fell 3.4%.
The investor nervousness experienced on Monday also eased in large-cap technology stocks such as Nvidia or Meta, which rose today by around 3.8%respectively.
(Read here: After a turbulent Monday, Asian stocks rebounded, but European ones remain in the red)
In factthe fall of the chip manufacturer Nvidia was one of the most notable of the previous daywhich closed with a drop of 6.36%.
The company, a leader in artificial intelligence (AI) that has had a buoyant trajectory in recent months, faces a turbulent environment after learning that its Blackwell chips will be delayed for several months due to design flaws.
(Read more: Global ‘Black Monday’ drags down the dollar and the Colombian Stock Market)
“On average, stocks experience a decline of more than 5% more than three times a year, and a correction of 10% or more approximately annually.“LPL Financial strategist George Smith said in a statement today, trying to ease investor tensions and encouraging them to remain cautious.
Stock Exchange
Wall Street’s recovery from Monday’s financial chaos is in line with the performance of major Asian stock markets, including those in Tokyo, Seoul and Taipei.
The Japanese Nikkei, which includes the 225 most representative stocks on the market, closed on Tuesday with a rise of 10.23%.up to 34,675 points, with its best percentage result since October 30, 2008, in the midst of the global financial crisis, when it rose by 9.96%.
The rally comes a day after Japan’s benchmark index suffered its worst day since 1987, losing 12.4%.
(See here: Will there be an emergency FED meeting to cut interest rates?)
As for the sectors, the session on Tuesday on Wall Street ended with gains in each of them; the most notable was the growth in real estate (2.3%), as well as in financial (1.46%) and communications (1.22%).
Among the 30 largest listed companies in the Dow, the most notable rises were Caterpillar (3.04%), Dow Inc (2.88%) and JPMorgan Chase (2.79%); and the falls were Johnson & Johnson (-1.41%) and Inter Corp (-1.39%).
EFE
