Wall Street: US stock exchanges are up – S&P 500 at a record

Three themes dominate on Wall Street: rising bond yields, falling oil prices and a company bucking the trend.

The US stock market is dominated by technology stocks. The chip company Nvidia is helping Wall Street set records. The major US indices start in positive territory:

The Dow Jones of standard values opens slightly higher at 51,429 points.

The broader S&P 500 gains 0.7 percent and is at 7828.71 points. The value marks a record.

The Nasdaq technology exchange gained 0.8 percent and reached 27,688 points.

The Nasdaq 100, a reflection of the 100 non-financial companies with the highest market capitalization, is up 0.7 percent at 31,264 points.

The stock exchange benefits in particular from Nvidia. The stock is trading at a record high of $241.51 in early trading. A more optimistic sales outlook and a record share buyback are lifting the mood. The group is approaching a market capitalization of six trillion dollars and remains the most valuable company in the world.

“As rate hikes become more likely, money flows into these technology stocks because they are more resilient to rate hikes,” said Larry Tentarelli of analyst firm Blue Chip Daily. Analysts point to interest rate expectations: technology stocks such as Nvidia are currently considered a comparatively safe haven against rising interest rates.

The prospect of just one rate hike this year is driving investors toward tech stocks, says Kyle Rodda, senior financial market analyst at capital.com: "The slight decrease in uncertainty about the interest rate outlook and a slight easing of geopolitical tension - visible in a decline in crude oil prices - allowed market participants to focus on the exceptional earnings growth in the AI ​​sector."