Wall Street has risen again this Tuesday (Dow Jones:+1.43%; S&P500:+0.91%; Nasdaq:+0.67%) after the shopping on Monday, led by Nasdaqthanks to the impulse of Alphabet and Teslaas the market tries to allay fears of a artificial intelligence (AI) bubble. However, it is worth remembering that the American trading floor will remain closed on Thursday for the day of Thanksgiving and on Friday it will open only half a session for the ‘Black Friday’. «AlphabetGoogle matrix, Approaches $4 trillion valuation as excitement grows around its artificial intelligence model Gemini 3 and its custom chips,» says Dan Coatsworth, director of markets at AJ Bell. In fact, shares of Alphabet They rose 6.31% this Monday, and today they have advanced again on Wall Street, «since investors decided that could be winning the AI race against OpenAI following the launch of the latest version of its Gemini AI model. While it seemed to benefit everyone, it could also be detrimental to some stocks in the sector,» adds British analyst Neil Wilson. In this sense, Nvidia has fallen 2.59% in the market after ‘The Information’ published that Goal is in talks to use Google’s Tensor Processing Units (TPUs) in its data centers in 2027.
OPTIMISM WITH THE FED
Investors have also become more optimistic with the Federal Reserve (Fed) rate cuts after the words of John Williamspresident of the New York Fed, who has assured that he sees «room for an additional adjustment» in interest rates, has fueled hopes of a rate cut in the last conclave of the year. Along the same lines, it has been pronounced Mary Dalypresident of the San Francisco Fed, who has supported a rate cut in December due to concerns about a possible sudden deterioration in the labor market. All this has caused the odds of a 25 basis point cut at the last meeting of the year of the US central bank have risen to 80.7%according to CME’s FedWatch tool, compared to 50% just a week ago.
ECONOMY AND OTHER MARKETS
Regarding the macro agenda, this Tuesday included the publication of data from variation in ADP employment in an average of 4 weeks, as well as the production price index of September, the retail sales of the same month and consumer confidence November. In other markets, oil West Texas has fallen by 1.36% ($58.02) and the Brent has given up 1.21% ($62.57). For his part, the euro has appreciated 0.38% ($1.1564), and the ounce of gold has gained 0.85% ($4,129). Furthermore, the 10-year American bond yield has relaxed to 4.008% and the bitcoin 1.54% ($87,468) has been left.
