Today, the New York stock market has ended on a trend, with investors' interest in the industry's actions, after good results and in the face of oil prices being restrained, to compensate for the weakness of technological conglomerates.
© Reuters
20/10/2026
by
Lusa
O result of the session indicates that the Dow Jones Industrial Average advanced 1.02% and the extended S&P500 gained 0.29%, while the technology Nasdaq stagnated, with a retreat of 0.02%.
“Numerous actions outside the technological sector today exhibited reasonably good performances, thanks to the low oil prices (...) and a rotation of investments,” said Patrick O’Hare of Briefing. with, in statements to AFP.
The most “traditional” actions such as industries, pharmaceutical laboratories or large banks attract more interest, with investors abandoning, on the contrary, companies linked to artificial intelligence (IA).
The fact that liquidity obtained from the sale of AI securities remains invested on Wall Street, “more than leading to a massive exit from the market”, is a positive factor in O’Hare’s reading.
“The market remains high”, he stressed.
Business results are fueling optimism. The Defense sector ended up today, after several quotes presented results above expected, cases of RTX (+0.64%) or Northrop Grumman (+4.57%).
The fall in oil prices, with the hope that the US and Iran will resume the dialogue, according to some reports, allows companies to anticipate lower cost pressures.
About the AI, as the dissemination of results of the big names approaches, “reigns some nervousness, for fear that growth rates may not be as solid as expected,” O’Hare said.
The disillusionment of expectations, which are very high, can cause the falling of titles, as has already been seen.
“A large part” of investor anticipation is based on a very strong growth rate, which justifies the high levels of appreciation and massive spending to develop the AI, O’Hare recalled.