Stock market today: Wall Street rises to another high, but a slide for oil keeps the gains in check

NEW YORK — U.S. stocks rose to another all-time high, but a slide in oil prices kept the gains in check by weighing down energy companies. The S&P 500 rose 0.4% Thursday, setting its third record high this week. The Dow Jones Industrial Average added 0.6%, and the Nasdaq rose 0.6%. Micron Technology led the way after AI-related demand helped it deliver a stronger-than-expected profit report. Other tech companies also rose.

Jabil climbed 11.8% after the electronics manufacturer likewise reported stronger profit and revenue than expected. It also announced a plan to buy back up to $1 billion of its stock to plow cash to its shareholders. A big winner of the AI frenzy, Super Micro Computer, was meanwhile giving back some of its huge gains after more than tripling last year. Its stock tumbled 11.5% following a report from The Wall Street Journal saying the U.S. Department of Justice is probing the seller of servers and storage systems. The company declined to comment.

That follows a raft of announcements earlier in the week by the country’s central bank that had also sent global markets jumping. China’s economic growth has been flagging, with particular troubles in its real-estate industry, and Chinese officials appear to be making a more coordinated effort to boost it following earlier piecemeal attempts.

The hope on Wall Street is for a form of financial nirvana where the U.S. economy's growth can hold steady and keep profits for companies humming while the Federal Reserve continues to lower interest rates. When they cut their main interest rate by an unusually large half of a percentage point last week, Fed officials also suggested they may cut the federal funds rate by another half of a percentage point this year.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market today: Asian shares rally, encouraged by Wall Street storming back from an early slideTOKYO (AP) — Asian shares mostly rose on Thursday, encouraged by gains on Wall Street led by a handful of influential Big Tech companies.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

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.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

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...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Losses for Big Tech companies lead Wall Street lowerLosses for several big technology companies pulled the stock market lower. The S&P 500 fell 0.6% Wednesday, weighed down by drops in Nvidia, Apple, Microsoft and Amazon. The Dow Jones Industrial Average fell 0.4%.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

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
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

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
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »