Producer prices (PPI index) accelerated faster than expected to +0.5% over the month compared to -0.1% in March and +0.3% expected.
Home Depot (-0.13% to 340.5) reported a larger-than-expected drop in quarterly sales as more cautious homeowners make fewer major purchases to focus on small repairs.
Joe Biden unveiled new measures relating to an increase in customs duties on many Chinese imports, including electric vehicles, semiconductors and medical products. You’re here rose 3.29% to 177.55, Rivian by 2.66% to 11.19 and the Chinese manufacturer LI Auto lost 2.22% to 26.4.
The group’s main supplier Apple (+0.62% to 187.43), Foxconn, reported a 72% increase in its profit on 1er quarter, driven by strong demand for computer servers dedicated to artificial intelligence (AI).
Uber (-1.08% to 65.31) announced a $1.25 billion deal to take over Delivery Hero’s Foodpanda business in Taiwan and buy new shares in the German group.
Alphabet (+0.71% to 170.34) should clarify its strategy on artificial intelligence (AI) the day after the presentation by OpenAI, the creator of ChatGPT, of a new AI model capable of working with sounds and images in addition to text.
The Chinese manufacturer of lidars (laser remote sensing) used in autonomous vehicles Hesai (-1.3% to 5.32) will sue the American administration, contesting its inclusion in the list of companies working with the Chinese army.
Walmart (-0.91% to 59.86) will eliminate hundreds of jobs and ask most teleworking employees to return to the office, reported the Wall Street Journal.
Buzzfeed fell 3.3% to 2.05 after the group published a turnover down 18% in the first quarter.
The first American oil refiner Marathon Petroleum (-1.88% to 174.51) on Monday promoted its president Maryann Mannen to the position of general director as of August 1, replacing Michael Hennigan.
Gamestop (+ 60.1% to 48.75) continued its rally after soaring 74% on Monday following the reappearance on social networks of an emblematic character, Roaring Kitty, after three years of absence. Other “meme stocks” such as AMC (+ 32.76% to 6.89), Koss (+40.73% to 6.15) and Blackberry (+11.61% to 3.46) were sought after.
THE Dow Jones thus gained 0.32% to 39,558.11 points, the Nasdaq Composite 0.75% to 16,511.18 points and the S&P 500 0.48% to 5,246.68 points.
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