Easing after Soaring: US Stock Markets Start the Week Cautiously

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Following their impressive rally, which still led to peak levels on Friday, the US stock markets experienced a comparatively calm start to the week. The flagship of Wall Street, the Dow Jones Industrial, recorded a minimal decline of 0.12 percent, which corresponds to 39,086.51 points. The previous week had seen the index enjoy a pleasant gain of 1.3 percent, which, similar to the broadly diversified S&P 500 and the technology-heavy Nasdaq 100, was partly due to excitement around the topic of Artificial Intelligence and outstanding corporate figures from Nvidia. While the S&P 500 had to absorb a slight setback, falling by 0.21 percent to 5,078.20 points, the Nasdaq 100 was able to post an increase of 0.16 percent to a proud 17,965.56 points. Market observers are now eagerly awaiting important inflation data, which is hoped to come this week from not only the USA but also Japan and Europe. In light of the fact that this data can exert a significant influence on the monetary policy of the American central bank, it is of particular interest to investors. As a high flyer in the Dow, the software giant Salesforce presented itself with a stock surge of over three percent. Amazon, which has been listed in the leading index since this Monday, largely stagnated, while Walgreens Boots Alliance, which had only recently obtained its place in the prestigious index, had to give way and its shares experienced a decline of over three percent. Berkshire Hathaway B initially popped the corks, as it approached the magical market valuation of one trillion US dollars, but soon was slowed down by profit-taking. The shares of the holding company led by Warren Buffett ultimately went back by more than one percent. Meanwhile, the recent price highs of Intuitive Machines quickly faded; shares of the space exploration company plummeted by a good 35 percent, as initial euphoria over a successful commercial moon landing turned to disappointment due to an unexpected mishap—the lander collapsed during placement. In conclusion, Broadcom was able to log just under a one percent gain, not least fueled by the sale of one of their software companies to the investment firm KKR.

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