2023-06-28 21:23:00
The New York stock market showed a mix in the weakness of artificial intelligence (AI) semiconductor-related stocks such as Jerome Powell’s additional austerity remarks by Federal Reserve System Chairman Jerome Powell and Nvidia.
On the 28th, Eastern Time, on the New York Stock Exchange, the Dow Jones 30 Industrial Average closed at 33,852.66, down 74.08 points and 0.22% from the battlefield.
The S&P500 index closed at 4,376.86, down 1.55 points and 0.04% from the battlefield, and the Nasdaq index closed at 13,591.75, up 36.08 points and 0.27% from the battlefield.
Chairman Powell reiterated at the European Central Bank (ECB) forum held in Portugal that day that the majority opinion is for two more rate hikes this year.
In addition, by mentioning that it is not ruling out successive rate hikes from discussions, it blocked the market’s expectation that interest rates would be raised by skipping one step at a time.
The news that the US government is reviewing sanctions on AI semiconductor exports has been a burden on semiconductor-related stocks, including Nvidia.
The Wall Street Journal reported that the US Commerce Department may suspend shipments by semiconductor manufacturers such as Nvidia to foreign countries, including China, as early as next month without prior permission.
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