(Telestock) – Positive session on Wall Street, especially on the Nasdaq, after yesterday’s sell-off on technologyThe Biden administration’s desire to impose severe bans on exports of advanced technology, especially in the semiconductor sector to China, has dampened investors’ appetite for risk, although they appear to be rotating their portfolios as the Dow has risen to new records.
The mood is also improved today by the results Of Taiwan Semiconductor Manufacturing Company (TSMC), with the largest manufacturer of chip contract in the world which reported a 36% increase in second-quarter net profit.
Always on the front of the quarterlythere is anticipation for the results of Netflixwhich will be released by the streaming giant after the market closes this evening.
Among other news, Meta Platforms would have explored a multi-billion dollar investment in EssilorLuxotticathe Financial Times reported.
On the macroeconomic front, the Initial unemployment claims rose 20,000 to 243,000 in the week ended July 13, according to data from the Labor Department. Manufacturing activity also improved in the Philadelphia area.
Meanwhile, the European Central Bank (ECB) has interest rates confirmedas expected, and gave no indication of its next move, with decisions to be made on a meeting-by-meeting basis depending on the evolution of macroeconomic data. “While some measures of underlying inflation increased slightly in May due to one-off factors, most remained stable or declined slightly in June,” the statement noted.
Looking at the main indexes of Wall Street, the Dow Jones it is substantially stable and is positioned at 41,149 points, while, on the contrary, a small leap forward for theS&P-500which reaches 5,601 points (+0.22%). In fractional progress the Nasdaq 100 (+0.55%); on the same trend, just above parity theS&P 100 (+0.35%).