Wall Street rises just enough to break its 4-day defeat

New York – The US stock indices drift to a mixed finish on Wednesday after climbing in the morning, but then they have the steam more.

The Standard & Poor's 500 ended an IOTA higher, less than 0.1%after giving up the entire early win of 0.9%. But that was just enough to break a four -day defeat that had put into the index its all -time high.

The Dow Jones Industrial Average fell by 188 points or 0.4%, and the Nasdaq composite rose by 0.3%.

After a few weaker reports of the economy, the stock market has to struggle in general, including a couple that has shown that US budgets are more pessimistic about inflation and tariffs by President Trump. Some of the toughest drops hit Big Tech and other strong growth stocks, the incredible dynamics of which used to be unstoppable.

Super micro computer, one of the stocks that rose in frenzy in terms of artificial intelligence technology, lost almost a quarter of its value over four days. But it rose by 12.2%on Wednesday after submitting his annual report for the financial year ended in June.

The company, which sold servers in the AI, had delayed the submission of its annual report and other necessary forms after the former auditing company had made concerns about its financial reporting and governance. Super Micro then had to receive extensions from Nasdaq to submit the financial reports because it carried out a review and stopped another public accounting company.

Much of the attention of the market remained on Nvidia, the chip company, which has become a symbol for the AI ​​storm. It rose by 3.7% before his latest winning report, which arrived for this day after the end of trade.

It was the first winning report for the company and its managing director Jensen Huang, since a Chinese ascent, Deepseek, grows up the AI ​​industry by saying that it had developed a large language model that can compete with large US rivals without having to use the most expensive chips. This questioned all the assumed expenses that not only in Nvidia's chips, but also in the ecosystem based on the AI ​​boom, including electricity to supply large data centers.

Since then, some large technology companies have been impressed that they are still planning to invest billions of dollars in AI, an encouraging signal for the industry.

NRG Energy rose by 10.6%on Wednesday after he announced that he was produced with GE Vernova and a subsidiary of Kiewit in a company to generate more electricity for generative AI calculation centers. GE Vernova rose by 5.5%.

NRG also reported results for the latest quarter in which the expectations of the analysts were exceeded. Most other companies in the S&P 500 also made better profits than expected in late 2024.

The off-price retailer TJX rose by 1.8%after entering the parade. The company behind TJ Maxx and Marshalls also announced that it would increase its dividend by 13% and announced a program to buy up to 2.5 billion US dollars of its shares.

The concerns have increased whether US buyers could limit their expenses in the face of persistent inflation and the prospects of the economy. Ernie Herrman, CEO of TJX, said his company benefited from his off-price model and sees the opportunity to grow in the long term.

General Motors increased by 3.7%after the car manufacturer announced a program for the purchase of up to 6 billion US dollars of its shares. It will also send more cash to its shareholders by increasing its dividend.

At the end of the Wall Street, Advance Auto Parts fell 17.8%after the retailer made less profit from every turnover of 1 USD in the last quarter, which was partly closed in the shops due to the liquidation sales. Apple has now been the heaviest weight of the S&P 500 after falling 2.7%.

In total, the S&P 500 rose by 0.81 to 5,956.06. The Dow Jones Industrial Average fell by 188.04 points to 43,433.12 and the Nasdaq Composite rose by 48.88 to 19,075.26.

The financial return on the bond market fell again after they had declined sharply in the past few days for worries about the US economy.

The return of the 10-year Ministry of Finance fell from 4.30% late Tuesday to 4.24%. It was only 4.80%in the last month.

On Thursday, the US trade department will result in its third and last estimate of the service of the US economy in the last three months of 2024. The economy still seems to be in solid form, and growth continues, although uncertainty over the future is increasing. Another report on Friday shows how the inflation meter that the Federal Reserve prefers to behave.

If reports showed a stagnating economy and accelerating inflation, you could create a poisonous mix that the Federal Reserve has only a few instruments for resolving.

“Stagflation is the greatest risk that is currently characterized by the markets,” said Mark Hackett, Chief Market Strategist at Bundwide.

In the stock markets abroad, the indices rose in large parts of Europe and Asia. France's CAC 40 rose by 1.2%and the Hong Kong Hang rose by 3.3%.

Choe writes for the Associated Press. The AP business authors Matt Ott and Elaine Kurtenbach contributed to this report.