Wall Street was moving without a clear trend on Thursday morning, but that didn't stop the Nasdaq from setting new records thanks to the undeniable strength of the 'Magnificent Seven'.

At the end of the morning, the Dow Jones was down 0.4% at 38,493.7 points, but the Nasdaq Composite was up 0.3% at 17,654.4 points, after setting a new high of 17,741.8.654.4 points, after hitting a new high of 17,741.8 points.

Indices posted limited gains as investors continued to digest the Federal Reserve's cautious announcements, as well as the latest better-than-expected inflation figures.

After the previous day's lower-than-expected consumer prices, today's statistics only served to reinforce investors' confidence in the disinflation process

Producer prices unexpectedly fell by 0.2% in May due to lower energy prices, according to statistics published this morning by the Labor Department.

With these data arguing in favor of monetary easing, the market estimates the probability of a 25bp rate cut in September at over 61%, according to the CME FedWatch barometer.

In terms of stocks, investors continue to turn mainly to large-cap technology companies, and to the 'Magnificent Seven' in particular.

"Against a backdrop of heightened uncertainty, geopolitical tensions, contrasting economic signals with high bond yields and postponed rate-cutting prospects, these companies represent an attractive refuge for investors while they wait for better times", explain Alexandre Zilliox and Karen Kharmandarian at Thematics Asset Management.

Tesla climbed by more than 6%, while its CEO Elon Musk stated on X that the group's shareholders had finally approved his highly controversial compensation plan "by a large majority".

Nvidia shares (+2.8%) started the day on new record highs, still buoyed by rumors of an entry on the Dow Jones following the division of its nominal value.

Up 0.3%, Apple continued its positive momentum and could take the top spot in the world's largest capitalizations from Microsoft by a mere $15 billion.

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