NEW YORK — Wall Street is opening with gains as markets shift their focus back to the U.S. economy. The S&P 500 rose 0.4% in early trading Thursday, while the Dow Jones Industrial Average added 148 points, or 0.4% and the Nasdaq rose 0.8%. The Commerce Department upgraded its assessment of U.S. economic growth for the second quarter to 3%, compared to a previous estimate of 2.8%.
With a total market value topping $3 trillion, Nvidia is one of the most influential stocks on Wall Street and considered a bellwether for the broader AI industry. Dollar General tumbled nearly 25% after it missed sales and profit targets and cut its earnings-per-share guidance by more than a dollar. Economists expect the PCE, which is the Federal Reserve’s preferred measure of inflation, to show that inflation edged up to 2.6% in July from 2.5% in June. It was as high as 7.1% in the middle of 2022. The rate of inflation has been easing steadily back toward the central bank’s target of 2% since then, following the Fed’s aggressive interest rate hikes.
Markets were mostly lower in Asia. Japan’s benchmark Nikkei 225 slipped less than 0.1% while South Korea’s Kospi dipped 1.0%. Hong Kong’s Hang Seng added 0.5%.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Stock market today: Wall Street quiet as markets await Nvidia's latest earnings reportNEW YORK (AP) — Stocks are mostly unchanged in light trading as investors look ahead to an eagerly anticipated earnings report from the semiconductor company Nvidia, whose chips power AI applications. The S&P 500 slipped 0.
مصدر: SooToday - 🏆 8. / 85 اقرأ أكثر »
Stock market today: Wall Street hovers around records ahead of Nvidia earnings and inflation dataNEW YORK (AP) — Wall Street is hovering around record highs at the start of a week featuring another full slate of corporate earnings and the government’s...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »
Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surgesLOS ANGELES (AP) — Nvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia’s place as the poster child of the artificial intelligence boom — but investors seemed less than im
مصدر: SooToday - 🏆 8. / 85 اقرأ أكثر »
Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surgeLOS ANGELES (AP) — Nvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia’s place as the poster child of the artificial intelligence boom — but investors seemed less than im
مصدر: SooToday - 🏆 8. / 85 اقرأ أكثر »
Wall Street eyes Nvidia results, SMCI stock tumbles: Yahoo FinanceNvidia (NVDA) will report its second quarter results this afternoon. The stock's rally has been driving the market gains, so Wall Street will closely watch...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »
Nvidia stock slips ahead of earnings release as Wall Street reiterates bullish outlookNvidia stock is getting more Wall Street backing ahead of the company's crucial earnings report set for next week.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »