After the first operations, the main index, the Dow Jones industrial index, rose 0.11%, the Nasdaq technology index 0.46%, and the expanded S&P 500 index -of the largest 500 listed companies- gained 0.28%.
On Monday, Wall Street fell weighed down by the large technology firms: the Dow Jones lost a marginal 0.04% closing at 33,714.71 points, the Nasdaq fell 1.16% to 13,335.78 units, and the S&P 500 fell 0.45% to 4,328, 82.
For Peter Cardillo, an analyst at Spartan Capital Securities, “the rebellion in Russia had little impact on the market because it was short-lived.” “However it is a geopolitical factor that will remain in the air for some time,” he added.
The head of Russia’s Wagner paramilitary group, Yevgeny Prigozhin, who led a 24-hour rebellion beginning Friday night, vowed to “liberate the Russian people,” primarily targeting Russian Defense Minister Sergei Shoigu and the head of the General Staff, Valeri Gerasimov, whom he accuses of having sacrificed thousands of men in the Ukraine.
Prigozhin put an end to his rebellion on Saturday night, in exchange for immunity for himself and his men.
Trading volume was weak, in the absence of any major indicators.
For Wednesday, investors await statements by the president of the Federal Reserve (Fed, central bank), Jerome Powell, in a forum organized by the European Central Bank (ECB) in Sintra, Portugal. Powell will also speak in Spain on Thursday.
Among the day’s shares, Tesla, downgraded by Goldman Sachs, fell 6.06% to $241.05, dragging down the Nasdaq.
Most of the big names in the technology sector also continued to fall, such as Alphabet (Google, -3.19%), Meta (Facebook, -3.55%), or Microsoft and Netflix that lost almost 2%.
Nvidia, the darling of the artificial intelligence industry, shed a strong 3.74% to $406.32.
The Pfizer laboratory lost 3.68% after announcing that it was stopping the development of an experimental drug against obesity, which would seem to have bad repercussions on the liver.
