On Tuesday, Wall Street continued the rebound begun the previous day, a fairly logical scenario after a series of six sessions of decline, including a real sell-off in semiconductors on Friday evening.

While the Dow Jones recovered only +0.7% to 38,503, the S&P500 gained +1.2% to 5,070 and the Nasdaq Composite climbed +1.6% to 15,696, in the wake of Amazon +1.3%, Microsoft +1.7%, Microchip +3.2%, Illumina +3.2%, Tesla +3.2% and Tesla +3.2%.696, in the wake of Amazon +1.3%, Microsoft +1.7%, Microchip +3.2%, Illumina +3.5%, Nvidia +3.7%, Netflix +4.2%...

Tesla also gained +1.9% before its results: the worst having been anticipated, the electric car manufacturer's drop in sales didn't impress Wall Street and the stock recovered +10% in the 'after hour'.

The VIX volatility index, the main indicator of the return of calm to the US markets, continued to ease, falling back to 16.3 (from 18.6 when trading resumed on Monday).

Another positive factor was the unexpected 8.8% rebound in new home sales in the US in March, despite persistently high interest rates, with the median selling price even rising again.

On the other hand, growth in the US private sector slowed in April, according to the S&P Global composite PMI, which came in at 50.9 in flash estimates, compared with 52.1 in final figures for the previous month.

Copyright (c) 2024 CercleFinance.com. All rights reserved.