The New York Stock Exchange ended higher on Wednesday, driven by cheap purchases as well as a surge in the nuclear energy sector, after the announcement of a major investment by Amazon.
The Dow Jones (+0.79%) set a new closing record, the 47th of the year, while the Nasdaq index gained 0.28% and the broader S&P 500 index 0.47%.
The session started on a mixed note, before the indices moved resolutely upwards.
For Jack Ablin, of Cresset Capital, “these are opportunity purchases”after the decline the day before, due to concerns relating to semiconductors.
Chip manufacturers Nvidia (+3.13%), Micron (+4.72%) and Marvell Technology (+2.86%) have thus recovered.
Wall Street also benefited from investors’ appetite for sectors other than new technologies, which allowed the Dow Jones to shine more than the Nasdaq.
Stocks with a chaotic history such as Disney (+2.69%), Nike (+2.22%) or the health insurer UnitedHealth (+2.71%) were thus sought after within the venerable index.
Beyond that, the Russell 2000, made up of 2,000 SMEs, did even better (+1.70%) than the Dow Jones.
The New York market received an unexpected boost from the nuclear energy sector, after Amazon unveiled three separate agreements with companies in the sector.
The three partnerships concern SMRs (small modular reactors), new generation reactors considered safer and less expensive than conventional power plants.
After this communication, the Canadian mining company Cameco (+7.87%), specializing in uranium, soared, as did the energy company Constellation (+5.13%), which manages several conventional power plants in the United States. United.
The start-ups NuScale (+40.01%), the first to have obtained approval of an SMR, and Oklo (+41.97%), chaired by the boss of OpenAI, Sam Altman, were put into orbit.
Wall Street also celebrated a series of better-than-expected corporate results, particularly in finance.
The American investment bank Morgan Stanley (+6.50%) presented results above expectations, thanks to sustained activity from its clients stimulated by markets “vigorous” and thanks to a takeover in investment banking.
After a period of latency in the American market on Tuesday following the publication of their accounts, Goldman Sachs (+1.43%), Bank of America (+1.57%) and Citigroup (+2.57%) were also in green Wednesday.
For Jack Ablin, operators were also reassured by the solid results of smaller banks such as US Bancorp (+4.70%) or First Community (+2.59%), which have been scrutinized since the banking crisis of spring 2023 .
The last green light is bond rates, which have eased further.
The yield on 10-year US government bonds stood at 4.01%, compared to 4.03% the day before at closing.
On the stock market, Intel fell (-1.54%) after the Chinese Cybersecurity Association (CSAC), a professional body with close ties to the government, recommended examining products sold by the American group.
Telecommunications equipment specialist Cisco stood out (+4.25%), after receiving a favorable rating from Citigroup, with analysts considering that the group could benefit from its use of artificial intelligence.
The action of the American pharmaceutical laboratory Novavax fell (-19.44%) after the Drug Regulatory Authority (FDA) ordered the suspension of a clinical trial on a combined vaccine against influenza and Covid-19 .
The airline United Airlines took off (+12.44%) after reporting results higher than projections and continued strong demand, against a backdrop of rationalization of supply.