Wall Street: continues to rise (S&P +0.5 per cent) on the back of the Anthropic effect, with WTI crude oil below $100

(Il Sole 24 Ore Radiocor) - Wall Street continues to rise, buoyed by enthusiasm for chip company shares following the announcement of Anthropic’s IPO. Traders are also welcoming the fall in oil prices and some quarterly results, whilst awaiting the Federal Reserve’s announcement tomorrow of its decision on interest rates: experts consider it almost certain that rates will remain at 3.75%–4%. Broadcom’s share price has risen by almost 4 per cent, following the announcement by a consortium of banks of a $63 billion loan to fund Anthropic’s acquisition of Broadcom’s technology. Other chipmakers are also seeing gains: Micron Technology is up 3 per cent, whilst Advanced Micro Devices and Nvidia are up 5.4 per cent and 0.8 per cent respectively. Royal Caribbean shares are in the spotlight today, rising by over 6 per cent after better-than-expected quarterly results and an upward revision to its full-year guidance. Boeing, on the other hand, is plunging (-9.75 per cent), as it fails to ramp up production of the 737 Max. At present, the Dow Jones is up 4.49 points (+0.01 per cent), the S&P 500 is up 40.50 points (+0.53 per cent), and the Nasdaq is up 289.03 points (+1.10%). WTI crude oil fell by 1.83 per cent, closing at $99.90 per barrel. Gold gained $36.50, or 0.91 per cent, closing at $4,058.80 per ounce. The euro fell by 0.19% to $1.1153. Bitcoin rose by 0.37% to $80,183.

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