The New York stock exchanges closed again without a single direction in a week of expectations about the decision of the Federal Reserve (Fed), which could indicate a pause in monetary relief after the expected cut in the basic interest rate on Wednesday (18) .
The Dow Jones completed eight trading sessions in decline. The Nasdaq soared to a new record, driven by Broadcom, which had what one analyst called “Nvidia momentum”, referring to the stellar performance of the assets given the company’s outlook.
The Dow Jones fell 0.25%, to 43,717.49 points. The Nasdaq rose 1.24% to 20,173.89. The S&P 500 gained 0.38%, to 6,074.08 points.
Broadcom shares soared 11.7%, continuing the rise of more than 20% and accumulating gains of more than 118% for the year.
Shares of the company that offers data center, networking, software, broadband and storage products boosted the Nasdaq and the S&P 500 after surpassing the market value of US$1 trillion on Friday.
“We think the company’s core business remains quite poor [embora isso dificilmente seja exclusivo da Broadcom],” wrote Bernstein analysts led by Stacy Rasgon.
“But the company’s robust AI story is finding its own ‘Nvidia moment’ with a likely sharp increase in new products in the second half of 2025 and prospects for significant opportunities years from now.”
Palantir Technologies shares lost 0.67%; MicroStrategy’s fell 0.04% and Axon’s rose 0.68%, after the three were announced as members of the Nasdaq 100 index.
Moderna’s shares closed with a positive change of 0.02% and Super Micro Computer’s shares fell 8.26% to be excluded from the rebalancing index announced on Friday.
Assets linked to cryptocurrencies started to advance again, after the . Coinbase Global and Mara rose 1.52% and 8.05%, respectively.
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