Stock market today: A dip for Nvidia weighs on Wall Street, and indexes edge back from records

NEW YORK — U.S. stock indexes edged back from their records, weighed down by a rare dip for Wall Street darling Nvidia, following a mixed set of reports on the economy. The S&P 500 slipped 0.3% Thursday from its all-time high set before Wednesday’s holiday for financial markets. The Nasdaq composite also pulled back from its record, falling 0.8%. The Dow Jones Industrial Average beat the market with a gain of 0.8%. Nvidia gave up an early gain and fell 3.

Nvidia’s chips are helping to power the move into AI, which proponents see producing explosive growth in productivity and profits, and it’s already up 167% this year after more than tripling last year. In a show of how powerful AI can be, Accenture rose 7% even though the consulting and professional-services company reported weaker profit and revenue for the latest quarter than expected. In its earnings report, it highlighted how it won over $900 million in new bookings for generative AI to bring the total for its last three quarters to $2 billion.

Treasury yields ticked higher in the bond market following a spate of mixed reports on the economy. The number of U.S. workers filing for unemployment benefits eased last week, but not by as much as economists expected. A separate report said manufacturing in the mid-Atlantic is growing, but not as quickly as economists thought. Home builders, meanwhile, broke ground on fewer new homes last month than expected.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stock market today: Nvidia keeps flying and helps keep Wall Street near its recordsNEW YORK (AP) — Nvidia, the chip company that’s become Wall Street’s most influential stock, is rising again and helping to keep U.S. indexes around their record highs despite a mixed set of reports on the economy. The S&P 500 was up 0.
Fonte: SooToday - 🏆 8. / 85 Consulte Mais informação »

Stock market today: Nvidia climbs to Wall Street's mountaintop as stocks broadly driftNEW YORK (AP) — U.S. stocks edged up to more records following the latest signal that the economy’s growth may be slowing without cratering, while Nvidia continued its rocket ride upward to become Wall Street’s most valuable company.
Fonte: SooToday - 🏆 8. / 85 Consulte Mais informação »

Stock market today: Wall Street ticks higher as Nvidia, GameStop and others leapNEW YORK (AP) — Most stocks are ticking higher as Wall Street approaches its recently set records. The S&P 500 was up 0.4% in early trading, coming off its sixth winning month in the last seven.
Fonte: SooToday - 🏆 8. / 85 Consulte Mais informação »

Wall Street mixed as Nvidia retreat hits tech stocks; payrolls data in focusThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Fonte: KitcoNewsNOW - 🏆 13. / 78 Consulte Mais informação »

Wall Street set for mixed open after labor market data; Nvidia continues to climbThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Fonte: KitcoNewsNOW - 🏆 13. / 78 Consulte Mais informação »