Wall Street: Nvidia and industrials lead the rebound
At the end of the morning, the Dow Jones index was up 0.1% at 38,289.5 points, while the broader S&P 500 gained 0.3% to 4,969.5 points. The Nasdaq Composite advanced by 0.3% to 15,708.8 points.
Nvidia, up 0.7%, hit new all-time highs and is now just behind Alphabet for the third-largest US market capitalization, behind Microsoft and Apple.
Uber, for its part, gained more than 11% after announcing the launch of a share buyback program worth up to seven billion dollars.
The S&P technology index, with a gain of 0.4%, was not the best performer of the day, lagging behind finance (+0.6%), real estate (+0.5%) and healthcare (+0.5%), but above all industry.
Hopes that the US economy is in good health are benefiting manufacturers such as Caterpillar (+1.2%) Dow (+0.5%) and 3% (+0.2%), three heavyweights on the Dow Jones.
The S&P index for the sector rose by 1.1%, the best performance of the 11 major sector indices.
On the bond market, the yield on the ten-year Treasury bond stabilized at 4.27%, after hitting a three-year high of over 4.30% yesterday on signs that economic activity was holding up well.
Oil prices are losing ground on the NYMEX, hit by the announcement of a new weekly rise in US crude oil inventories.
The March contract for US light crude (West Texas Intermediate, WTI) is down 0.2% at less than $77.7 a barrel.
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