After a while of trading, the Dow Jones index was up 0.3 percent, the S&P 500 index was up 0.7 percent, and the Nasdaq was up 1.0 percent.
In addition to the next week’s macroeconomic data, the market is pondering Joe Biden withdrawing from the presidential race. However, market reactions are expected to be small, as the decision to withdraw was expected.
A technology company Nvidia makes a new chip for the Chinese marketsays the news agency Reuters relying on his anonymous sources. The chip is meant to be a custom version of the company’s best AI processor for US export duties. Delivery of the new chips is scheduled to begin in the second quarter of 2025.
After a short period of trading, Nvidia’s stock was up about 2.0 percent.
Warren Buffettin Berkshire Hathaway sold on Friday for about $1.5 billion Bank of American shares. Despite the sale, Bank of America remains Berkshire Hathaway’s second largest holding.
On Monday, Bank of America shares fell 0.4 percent.
Multidisciplinary company Amazon says he belongs to the company Prime Video who bought the British one by Bray Film Studios. of the Financial Times according to the company aims to expand its film and series production in Britain. The purchase price has not been disclosed to the public.
Amazon’s stock was up 0.3 percent after trading for a while.
The earnings season also continues on the other side of the rapako, and tomorrow, Tuesday, it’s the turn of, among other things Coca Cola, Visa, Microsoft, Tesla and Google parent company Alphabet.
Source: www.arvopaperi.fi
