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Wall Street closes higher as the Nasdaq reaches historic highs – Stock Exchange

Wall Street closes higher as the Nasdaq reaches historic highs – Stock Exchange

Wall Street's major indices closed the first session of the week higher, with the tech-heavy Nascade index Reaching the highest historical levels During trading on Monday. This comes at a time when investors are anticipating NVIDIA's results with great optimism, as analysts expect the technology giant's revenues to triple, from US$7.2 billion to US$24.8 billion, compared to the same period. The company will report its results on Wednesday, the latest of the “magnificent seven” to do so.

The Standard & Poor's 500 index added 0.09% to 5,308.13 points, while the Nasdaq technology index advanced 0.65% to close at a record 16,794.88 points – after rising during the session to the highest value ever at 16,823.83 points. The Dow Jones Industrial Average fell 0.49% to 39,806.77 points.

Among the major market movements, Nvidia, which grew by 2.49% to 947.80 dollarAt a time when three brokerage firms increased their target price for the chip maker in anticipation of its quarterly results. rival Micron Technology saw its shares rise 2.96%l 129.00 dollarafter Morgan Stanley raised the company from “underweight” to “equal weight.”

Investors are waiting now Minutes from the Federal Reserve's May 1 meeting were published (Federal Reserve), when the US central bank decided to keep interest rates unchanged. During the course of Monday, several Fed officials indicated that they were not yet ready to say that inflation was heading towards the central bank's 2% target, after the latest data indicated a decline in the Consumer Price Index during the month of January. April.

It is too early to say whether the recent decline in inflation data will continue“, Federal Reserve Vice Chairman Philip Jefferson said at a conference in New York. Jefferson described the country's monetary policy as “restrained” and did not indicate whether he expected a drop in interest rates later this year.

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Michael Barr, the Fed's deputy chairman in charge of supervision, described last week's economic data as “disappointingPointing out the maintenance of restrictive monetary policy, in order to “continue its work in the process of reducing inflation.”