The Nasdaq 100 reached a new record this Friday, driven by American actions linked to semiconductors and by the resumption of discussions between Washington and Tehran. The S&P 500 also records an all-time high, while Nvidia crosses a new threshold of valuation in session. The falling dollar supports gold and silver, but Bitcoin remains behind.
Nasdaq 100: semiconductors revive Wall Street
Nvidia exceeds $5 trillion
The Nasdaq 100 progresses by 1,85% en séance à Wall Street. Le S&P 500 gagne 0,7%. Both indices set new historical records.
Nvidia concentrates a large part of the flows. The title advances by almost 5%reached a historic high and brought its capitalization above 5 trillion dollars. The group remains the main value associated with spending on artificial intelligence.
The increase spreads to others semiconductors. AMD, Intel, Qualcomm, TSMC and KLA Corp are also rising. American stock indices are therefore benefiting from a movement very focused on technology.
Source: xStation5
Big Tech progresses, Europe remains behind
Major technology stocks are accompanying the rise. Alphabet gains more than 1%Meta advances 2,7% and Amazon is growing 3,2%. À l’inverse, Avis Budget chute de près de 8%after a drop of more than 70% these last few days.
The European session is weaker. The CAC 40 and the FTSE fell by approximately 0,8%. The German DAX gives in 0,1%despite an increase in 6% from SAP.
This shift shows the current dominance of American values linked to AI. THE ETF exposed to large technology caps therefore remain sensitive to movements in a few stocks, in particular Nvidia and chip manufacturers.
Iran, dollar and Fed: the other drivers of the session
US-Iran talks go through Pakistan
The White House indicates that the Iran-related mission is entering a diplomatic phase. Tehran reportedly requested a face-to-face meeting. Steve Witkoff and Jared Kushner are scheduled to travel to Pakistan on Saturday morning to continue discussions.
The exchanges would concern in particular the Strait of Hormuz and enriched uranium. These two issues have a direct impact on the price of energy and the perception of geopolitical risk. Pakistani Prime Minister Shehbaz Sharif is also expected to participate in the discussions.
The dollar falls, gold gains approximately 0,6% and the money rises by more than 1,5%. Bitcoin does not follow the movement of risky assets: it falls slightly and remains close to 77 500 dollars.
Powell, Michigan and expected inflation
Jeanine Pirro, US federal prosecutor, has ended the criminal investigation against Jerome Powell. This decision facilitates the procedure around his potential successor at the head of the Fed. The issue remains sensitive, because Donald Trump’s criticism of the central bank fuels the debate on its independence.
The University of Michigan’s final consumer confidence index comes in at 49,8above the consensus of 48,5 and the previous estimate of 47,6. The consumer expectations index reached 48,1against 47,7 expected. Current conditions rise to 52,5above the 51,0 anticipés.
Inflation expectations give a mixed signal. At one year, they decline to 4,7%against 4,8% expected. At five years old, they rise to 3,5%above the forecast of 3,4%. For the Fed, this divergence complicates the reading of the American economy.
â“ FAQ
Why is the Nasdaq 100 hitting a record high today?
The Nasdaq 100 rises thanks to semiconductors, especially Nvidia. Diplomatic détente around Iran also supports the appetite for great American values.
Why does Nvidia weigh so much on American indices?
Nvidia surpasses 5 trillion dollars of capitalization. With such a size, each movement of the title strongly influences the Nasdaq 100 and the S&P 500.
Why is bitcoin falling while Wall Street is rising?
Bitcoin stay close to 77 500 dollars and do not benefit from the stock record. Flows seem more concentrated on semiconductors and large technology stocks.
What does the Michigan Confidence Index mean?
The index measures the morale of American households. A reading at 49,8 remains low, but it exceeds expectations and the previous estimate.
Why do the US-Iran talks matter to the markets?
The Strait of Hormuz is a key passage for global energy. Any relaxation on this issue could weigh on risk premiums linked to oil, the dollar and precious metals.
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