Wall Street continues the rebound it began on Monday, a fairly logical scenario after a series of 6 sessions of decline, including a real sell-off in semiconductors on Friday evening.

While the Dow Jones only recovered +0.6%, the S&P500 gained +1.3% to 5,076, the Nasdaq climbed +1.6% in the wake of Amazon +1.3%, Microsoft +1.7%, Microchip +3.2%, Illumina +3.5%, Nvidia +3.7%, Netflix +4.2%.... and Tesla gained +1.9% before its results: the worst having been anticipated, the drop in sales didn't impress Wall Street and the stock recovered +10% in the 'after hour'.

The main marker of the return of serenity to the US markets, the 'VIX' continues to ease, returning to around 16.3 (compared with 18.6 when trading resumed on Monday).

Another positive factor was new home sales, which rebounded by an unexpected +8.8% in the US in March despite persistently high interest rates, with the median selling price even rising again, according to data published Tuesday by the Commerce Department.

These sales rose to 693.000 units on a seasonally-adjusted annualized basis, after 637,000 units the previous month.
On an annualized basis, i.e. compared with March 2023, they were up by 8.3%.
In detail, they rose mainly in the Northeast (+27.8%) and in the West (+8.6%).

Note that the Dollar lost nearly -0.4%, while gold shed a further 1%, to $2,315 an ounce.

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