(CercleFinin.com) - For the past 3 sessions, the New York Stock Exchange has made a habit of turning around a situation that seemed compromised in the last half-hour.
The initial losses were not insurmountable (-0.3% and up to -0.5% at mid-session) and less pronounced than on Friday (up to -1.5%). Without forcing too much, the US indices collectively ended in the green on Tuesday, thanks to a further easing of bond yields across the curve.

The initial heaviness had been caused by the plunge of the Mexican stock market on Monday, followed by the -5% fall of the Bombay stock market on Tuesday.
Investors thought that, in comparison, Wall Street might - by contrast - appear to be a haven of stability.
This is why the Dow Jones gained 0.35%, the S&P and the Nasdaq climbed 0.15% to 5,291 and 16,857 respectively, while the Nasdaq-100 (+0.3%) outperformed thanks to... Nvidia, it's almost impossible to ignore.
It's modest, but it bodes well on the eve of the ADP report and 72 hours before the NFP (monthly US employment figures).

Treasury bonds - in contrast to the stock market indices - did not end the day at their highest level, but the fall in yields was appreciable: US T-Bonds eased -6pts (to 4.330%... and the third consecutive session of declines).

On the macro-economic front, the most eagerly awaited figure was the Jolts report (Job Openings and Labor Turnover Survey): the Labor Department reported 8.059 million job openings in April (March's figure was revised down to 8.355 million).
Industrial orders were up +0.7%: this may have given oil a slight boost.
WTI sank towards $72.5 for the first time since February 2, but ended just above $73, down -1.4%, for a cumulative decline of -8.5 to -9% that no-one would have anticipated a week ago.
Unsurprisingly, FMC dropped -3.9%, Halliburton -2.5%, Conoco Philips -1.4%, Occidental -1.1%.
But this was offset - again on Tuesday - by a +1.3% rise in Nvidia (new 'double' closing record at $1,164 and absolute record at $1,166, for a record capitalization of $2.865 billion), taking its annual rise to +135% (i.e., almost 55% of the S&P500's rise in 2024 and over 60% of the Nasdaq-100's rise).

The Nasdaq-100 was, however, held back by other "technos" such as Sirius -6.5%, Marvell -2.7%, On-Semi -2.3%, AMD -2.2%.

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