Wall Street is trading without a defined trend this Tuesday after the mixed sign on Monday, in a session in which the technological values They led the purchases. This, as investors focus their attention on the retail results and in the accounts that Nvidia will be announced on Wednesday, without losing sight of the geopolitical situation before the new nuclear doctrine approved by the Russian president, Vladimir Putin. In this sense, it is worth noting that Russia states in this document that «the aggression of any state belonging to a military coalition (bloc, alliance) against the Russian Federation and (or) its allies is seen as a coalition aggression as a whole«. He also explains that «reserves the right to use nuclear weapons in response to the use of nuclear weapons and other weapons of mass destruction against it or its allies, as well as in the case of aggression against the Russian Federation or the Republic of Belarus, as participants of the State of the Union, with conventional weapons and posing a critical threat to their sovereignty or territorial integrity.» The decision to modify the official Russian nuclear doctrine is the Kremlin's response to the alleged decision of the Government of US President Joe Biden to allow Ukraine to fire long-range US missiles into Russia. «While this is likely more saber-rattling from the Kremlin, This brings the world closer to a terrible miscalculation.. The gains in the indices have disappeared and investors are once again cautious for fear of a further escalation,» assesses Chris Beauchamp, chief market analyst at IG.
THE RESULTS TAKE PLACE
The market focus has also been on retailers such as Walmart and Lowe'swhich has presented its quarterly figures to shed light on the health of American consumers. In the case of Walmart, it rises more than 4% after beating expectations and raise annual forecasts. Lowe's, on the other hand, fell 3% after anticipating a decrease in sales. Although, in the results chapter, the focus will fall on Nvidia. The company will report on Wednesday and analysts expect it to be in line with those advanced by the company itself at the end of the second quarter. «In this results report, expectations are lower than in previous reportsand analyst forecasts and investor positioning are at the lowest premium to the company's previous forecasts in many years,» says Chris Weston, head of research at Pepperstone. For his part, Ozkardeskaya expects that presents a solid growth rate and an optimistic outlook, driven by the «insane demand» for its Blackwell chips. «That said, with such high expectations already built into its stock, surprising Nvidia investors is becoming increasingly difficult with each passing quarter.» Also, your vision of the demand for everything related to the Artificial Intelligence (AI). Therefore, «the figures released by Nvidia and, above all, the expectations that the future of your business conveys to the market, expectations that are very high – recently many analysts have revised upwards their estimates of results and the valuation of the company -, can determine the short-term evolution of the US stock market and, therefore, of the rest of the global equity markets», they indicate in Link Securities. At a business level it has also been in the news Super Micro Computer that shoots up more than 30% after hiring a new auditor and presenting a compliance plan to avoid delisting from Nasdaq. The economic agenda of the next sessions includes references such as weekly unemployment data and the manufacturing and services PMIs (Thursday); and consumer sentiment from the University of Michigan (Friday). Additionally, the president of the Federal Reserve Bank of Kansas City, Jeffrey R. Schmidassured this Tuesday that «It remains to be seen how much interest rates will continue to fall or where they might eventually settle.«.
OTHER MARKETS
In other markets, oil West Texas drops 0.06% ($69.09) and the Brent advances 0.07% ($73.43). For his part, the euro depreciates 0.02% ($1.0596), and the ounce of gold earn 0.80% ($2,635). Furthermore, the 10-year American bond yield relaxes at 4.345% and the bitcoin rises 0.26% ($91,666).