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Hurricane Nvidia loses strength and squeezes Wall Street in a triple magic – the stock market

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North American stock markets finished the session mixed, with technology stocks, especially Nvidia, putting pressure on the S&P 500 and Nasdaq. Microsoft has grown and consolidated its position on the most valuable podium.

On the day of triple witching, Wall Street closed mixed. Both the Standard & Poor's 500 and Nasdaq Composite were under pressure from Nvidia shares, which fell for the second day in a row and pushed the technology sector into negative territory. The Dow closed at the waterline, but is heading toward the green.

Friday's negotiations were marked by the simultaneous expiration of three contracts — stock options, stock indexes and stock futures — in a phenomenon dubbed “triple witching.” [bruxaria tripla em português]Which happens four times a year: March, June, September and December. This is a phenomenon that brings great volatility to the market, especially in the last hour of trading.

Hey The Standard & Poor's 500 index fell 0.16%l 5,464.62 pointsThis is after it reached 5,500 points for the first time during yesterday’s session. actually The Nasdaq technology index fell 0.18%l 17,689.36 pointswhile the The Dow Jones Industrial Average rose 0.04% to 39,150.33 points.

Nvidia continued its decline, after falling yesterday. The chipmaker is correcting the jump it made on Tuesday, which allowed it to claim the title of the world's most valuable listed company – which it ended up losing in Thursday's session. [na quarta-feira as bolsas norte-americanas estiveram encerradas devido a feriado]When Microsoft overtook it. a Nvidia ended today's session with a currency devaluation 3.22%l 126.57 dollar.

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Microsoft grew 0.92% to $449.78 He was very close to touching his historical maximum 450.94 Dollars per share. The company's market cap now stands at $3.35 billion, while Nvidia's value has fallen to $3.11 billion. actually apple He rose to second place on the podium with 3.18 billion despite obtaining… The session closed with a decrease of 1.04% to $207.48.

The session was also marked by the disclosure of new economic data. The US composite PMI, which tracks the manufacturing and services sectors, rose to 54.6 in June, the highest level since April 2022. When the index is above 50, it means the private sector is growing.

With this in mind, the North American Fed, which intends to see the economy slow, may adopt a more “hawkish” rhetoric in terms of easing its monetary policy. However, markets are still betting 58% on a 25 basis point rate cut as early as September — and expect to see further cuts later this year, according to data from LSEG's FedWatch.

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