In the United States, the stock market opened mostly higher as investors weighed the outcome of the country’s debt ceiling deal.
President Joe Biden and Speaker of the House of Representatives Kevin McCarthy agreed on the proposal on Sunday, and the matter is expected to move on to the next hearing on Wednesday. The votes of both Democrats and Republicans are needed to pass the agreement.
“Although the upcoming congressional vote is still a small risk, the biggest risk has been political pressure, which has had the opportunity to prevent the agreement from being implemented. Now that an agreement has been reached, it seems very likely that both sides of Congress will approve it this week,” Goldman Sachs economists estimate CNBCaccording to in its announcement.
After a while of trading, the major indexes were a bit mixed. The Dow Jones index was down 0.3 percent, the S&P 500 index was up 0.5 percent, and the Nasdaq was up 1.3 percent.
US consumer confidence will be published today at five o’clock Finnish time.
Nvidia is part of the rare group with a trillion dollar market value
A semiconductor company Nvidia broke the trillion dollar market cap mark on Tuesday.
Last week, the company published a strong result for the beginning of the year, after which investors have been even more interested in the company. Technology companies have previously broken the trillion-dollar mark Apple and Microsoft and seven other companies.
Nvidia predicts that the positive development will continue. For the second quarter, the company anticipates sales of 11 billion. Analysts’ consensus forecast was 7.15 billion.
Electric car manufacturer Teslaa leading Elon Musk has traveled to China to meet the country’s authorities and visit the company’s factory in Shanghai. Reuters according to the Chinese Foreign Minister Qin Gang China told Musk that the country plans to continue opening up and developing into a better environment for international business.
According to CNBC, China is estimated to be the world’s largest market for electric cars by 2025, with a market share of 40-45 percent. The country’s current market share is 60 percent, but the growth in Europe and the United States is reducing the share without passing China.
Source: Arvopaperi by www.arvopaperi.fi.
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