The financial market in the United States started the week higher, maintaining a positive pace after a strong recent performance. The highlight was the Dow Jones Industrial Average, which set a new record by closing the session above 53.000 points, reinforcing risk appetite among investors and also influencing the cryptocurrency market.
The index advanced 155,84 points, equivalent to 0,29%, closing at 53.055,91 points. The S&P 500 rose 0,72%, closing at 7.537,43 points, while the Nasdaq Composite gained 1,12%, reaching 26.121,16 points. The move comes after the Independence Day holiday in the U.S., with investors returning to positions.
Technology stocks led the gains, with particular focus on companies tied to the semiconductor supply chain. The Technology Select Sector SPDR ETF showed gains close to 2%, driven by a strong surge in companies such as Western Digital and Teradyne. Other sector giants, such as Marvell Technology and Oracle, also posted consistent gains.
Even with recent pressure on the chip sector, which fell in the previous week, the segment still accumulates strong performance year-to-date. The VanEck Semiconductor ETF fell 3,2% over the last week, but closed the first half with gains of more than 80%, indicating that interest in artificial intelligence remains relevant.
“Expectations are very high, so I don’t know if we’ll see as much upside in these stocks in the second half as we saw in the first,” said Anthony Saglimbene, chief market strategist at Ameriprise Financial. “As long as they confirm that the fundamentals are solid, I think they’ll probably be able to move up a bit more.”
According to the strategist, market behavior in the coming months should alternate between stocks tied to artificial intelligence and other sectors, depending on corporate earnings results and macroeconomic conditions.
“I don’t think you can rely on either one to lead the sector in the second half of the year,” the strategist said. “Everything will depend on the fundamentals, the growth in earnings, the level of interest rates, the growth of the economy, and all of these factors that are pointing to a pretty positive scenario at the moment.”
On the corporate front, Dell Technologies announced a cut of about 4.800 jobs, which initially weighed on its shares. Even so, the shares reacted positively after the current U.S. president, Donald Trump, mentioned the company’s products during an event at the White House.
The performance of the indexes also resonates in the crypto market, since periods of greater global confidence tend to favor assets such as Bitcoin and other cryptocurrencies, which track liquidity flows and risk appetite.