Wall Street opened this Tuesday mixed, with an advance of 0.45% for the technological Nasdaq and 0.16% for the selective S&P 500, while the Dow Jones Industrial Average lost 0.54%, on a day marked by the mid-term legislative elections in the United States.
At 09:40 local time, the Dow Jones lost 279 points, to 51,705; he S&P 500 advanced 12 integers, to 7,553, and the Nasdaq It added 112 units, up to 25,277.
The session began with a rebound in technology stocks after the sales of recent days. Chipmaker Micron rose about 4%, while AMD and Intel advanced more than 3%. Nvidia and Broadcom gained about 2%.
Instead, Apple fell nearly 2% after yesterday presenting forecasts below market expectations and recording iPad sales that did not convince analysts.
On the sidelines, investors are closely following the midterm elections taking place this Tuesday, in which Americans renew the 435 seats in the House of Representatives and 35 of the 100 seats in the Senate, in a vote that will determine control of Congress during the last two years of the president’s term. donald trump.
The elections are held in a context of unrest over the cost of living and inflation. According to the specialized press, investors anticipate that the Democrats will regain control of the House of Representatives, while the dispute for the Senate remains more open.
A Democratic victory in one or both chambers will increase parliamentary oversight of the Trump Administration and big technology, reports CNBC. Tobin Marcus, of Wolfe Research, tells the network that “investors remain reserved about the possibility of the Democrats achieving a large victory.”
Meanwhile, UBS analysts indicate in a report that the elections can “generate short-term volatility,” but that in the end “economic growth, corporate profits, inflation and interest rates will continue to determine the evolution of the markets.”
Meanwhile, gold fell 1.1% to $3,903 an ounce, while the yield on the 10-year US Treasury bond fell around three basis points to 4.90%.
And Texas intermediate oil (WTI) fell around 1%, to $95.45 a barrel, pending diplomatic progress between the United States and Iran.
In addition, United States President Donald Trump said this Tuesday that he plans to cut $4 billion annually in military and economic aid to Israel at the end of 2026 because that country “does not need it,” in a decision made after speaking with Israeli Prime Minister Benjamin Netanyahu.
