The New York Stock Exchange opened higher on Thursday for the first session of March, setting new records in the wake of economic indicators supporting monetary easing.

At the end of the morning, the Dow Jones advanced 0.2% to 39,059.6 points, while the Nasdaq Composite gained 0.6% to 16,193 points, after setting a new all-time high of 16,209.6 points a few moments ago.209.6 points a few moments ago.

After a hesitant start to the session, Wall Street turned upwards in the early morning following the publication of an ISM manufacturing index that fell well short of expectations.

While economists were expecting a reading of 49.5, the ISM came in lower at 47.8 in February, compared with 49.1 in January, weighed down by the decline in the new orders sub-index, which indicates weakening demand.

Florian Ielpo, Head of Macroeconomic Research at Lombard Odier Investment Managers, commented: "This ISM report does not match the image of 'surprisingly positive growth' that emerged from the earnings reports, which casts doubt on the strength of the manufacturing industry and the cycle that accompanies it.

This worse-than-expected statistic reinforced the scenario of a first rate cut in June, which now holds sway with an estimated probability of 54.6%, according to the CME FedWatch barometer.

Semiconductor stocks are still at the forefront of the market, boosted by Dell Technologies, which boasts an order backlog of $2.9 billion in servers dedicated to AI.

Micron (+5.5%), Nvidia (+3.5%) and AMD (+3.4%) are among the S&P 500's main catalysts.

While the earnings season is now drawing to a close, Dell's better-than-expected accounts are supporting the stock market, with the computer manufacturer's share price soaring by 25% following the announcement of better-than-expected sales and profits.

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