As expected, the New York Stock Exchange traded on a hesitant note on Tuesday, with investors taking a breather from the bullish momentum of recent sessions, which had pushed the indices to new record highs.

At the end of the morning, the Dow Jones gained just 0.1% to 39,846.6 points, while the Nasdaq Composite remained stable, or close to it, at 16,789.9 points.

US equity markets have performed well recently, leading the Dow Jones to break the 40,000-point barrier for the first time in its history.

The upward movement was largely driven by a good earnings season, but also by lower-than-expected inflation figures, which reinforced the scenario of further rate cuts.

Markets climbed as monthly inflation figures came in above expectations, which means that there is still upside potential if inflation continues to move in the right direction", emphasize Deutsche Bank's teams.

If market momentum remains bullish, movements could be more limited on the eve of Nvidia's results, which will be the big event of the week tomorrow evening.

Analysts are expecting the processor manufacturer to report better-than-expected performance for the past quarter, and to unveil a better-than-expected outlook.

Investors may also be tempted to stay away from risky assets on the eve of the release of the minutes of the latest Federal Reserve meeting.

Depending on the tone adopted by the central bank governors and the nature of their discussions, the trend could be more volatile in the second half of the week.

'In our opinion, the minutes will have a more restrictive tone, in contrast to that of Jerome Powell's press conference, given that other members of the committee are more worried than he is about the effects of their policy', warn BofA analysts.

On the bond front, the yield on 10-year Treasuries continued to fall to 4.41%, resuming last week's slide to one-month lows.

There was little movement on the currency front, with the dollar hovering around the 1.0860 mark against the euro.

On the oil front, prices fell back sharply after having been firmer the previous day due to the death of the Iranian president, which raises the risk of increased instability in the Middle East

A barrel of US light crude is currently down 0.5% at $79.4.

In terms of stocks, IBM (+2.6%) was the Dow Jones index's biggest riser, following yesterday's "Think" annual conference, which saw the company strengthen its collaborations with AWS, Adobe, Meta, Microsoft, Mistral, Palo Alto Networks, SAP and Salesforce.

JPMorgan's share price (+1.3%) also performed well, following an investor meeting that was well received by analysts.

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