The ISM index highlighted a further slowdown in manufacturing activity in the United States, to 48.7% in May compared to 49.2% in April, significantly below the 49.6% expected by the economists.
Microsoft (-0.38% to 413.65) will invest 33.7 billion Swedish crowns (€2.95 billion) over two years in Sweden to develop its infrastructure in cloud computing and intelligence artificial. Its vice-president, Brad Smith, said that the American computer giant would initially use Nvidia’s H100 chips for the advanced graphics processors that it plans to deploy in Sweden.
Spotify (+5.67% to 313.62) has increased the prices of its premium packages in the United States, the latest measure taken by the Swedish music streaming group to increase its margins, leading to an increase of approximately 4% of its competitors Apple (+0.93% to 194.03) andAmazon (+1.07% to 178.33).
Advanced Micro Devices (-2.02% to 163.53) unveiled its latest artificial intelligence (AI) processors at the Computex technology show in Taipei, China and detailed its AI chip development plan over the two next few years, with the aim of challenging the sector leader, Nvidia (+4.89% to 1,149.99).
Gamestop soared 21% to 28 after a post by influencer Keith Gill, known as “Roaring Kitty,” on Reddit (+3.23% to 55.99) revealed ongoing bets worth $116 million on the retailer.
Waste Management (-4.47% to 201.3) would be on the verge of completing the takeover of the medical waste disposal company Stericyl (+14.57% to 59.05) for around $7 billion, according to a report published Sunday by the Wall Street Journal.
The action Autodesk gained 4.57% to 210.82 after the software maker reported better-than-expected preliminary revenue on 1er quarter, at approximately $1.42 billion.
Edward Life Sciences rose 1.12% to 87.86 after the medical device maker said it agreed to sell its intensive care products unit to Becton Dickinson (+2.96% 238.84) as part of a $4.2 billion transaction.
Blackstone (-1.07% to 119.21) raised its bid for Hipgnosis Songs Fund from $1.30 to $1.31, as part of a revised proposal that values the company at nearly $1. $6 billion.
THE Dow Jones thus lost 0.30% to 38,571.03 points, the Nasdaq Composite took 0.56% to 16,828.63 points and the S&P 500 0.11% to 5,283.40 points.
■
