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Nvidia Leads the U.S. Stock Market Higher
Nvidia's 2.2% gain and strong corporate profits pushed the S&P 500 within 1.4% of its record high, while Treasury yields rose ahead of Federal Reserve minutes.
- On Wednesday, the U.S. stock market rose, led by Nvidia, which climbed 2.2% after Meta Platforms announced a long-term data-center partnership, driving the S&P 500 higher.
- Several profit reports from companies helped lift stocks Wednesday as the Federal Reserve paused rate cuts, though many on Wall Street expect easing later this year; Treasury 10-year yield rose to 4.08% Tuesday.
- Cadence Design Systems climbed 7.2% and Analog Devices rose 2.1% after beating profit and revenue estimates, helping offset an 8.7% slide for Palo Alto Networks on Wednesday.
- The S&P 500 moved closer to its record, pulling within 1.4% of last month's high, while the Dow Jones Industrial Average rose 222 points and the Nasdaq composite gained 0.8%.
- Market dynamics reflect a wider rethink of AI-related investments as a Bank of America survey found a record percentage saying companies are `overinvesting`, pressuring AI-focused companies and individual listed companies facing investor reappraisal.
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27 Articles
27 Articles
Hastings Tribune+5 Reposted by 5 other sources
Nvidia leads US stocks higher
The U.S. stock market is rising, led by its most influential stock, Nvidia. The S&P 500 rose 0.6% Wednesday and pulled closer to its all-time high. The Dow Jones Industrial Average added 116 points, and the Nasdaq composite rallied 1%.…
San Diego Union Tribune+5 Reposted by 5 other sources
Nvidia leads the US stock market near its all-time high
By STAN CHOE, AP Business Writer NEW YORK (AP) — The U.S. stock market is rising on Wednesday, led by its most influential stock, Nvidia. Related Articles Mark Zuckerberg set to testify in watershed social media trial Little Italy office tower in foreclosure Used EVs under $25,000 propel sales even as new models languish Bayer agrees to $7.25 billion proposed settlement over thousa…
·San Diego, United States
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Coverage Details
Total News Sources27
Leaning Left5Leaning Right2Center17Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 21%
C 71%
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