NEW YORK — Wall Street is rising Wednesday as the pressure that's built on stocks recently from the bond market relaxed a bit.
Nvidia, another one of the market's most influential stocks, was 2.8% higher ahead of its profit report scheduled to come out after trading ends. It's a pivotal test for the entire stock market because it could show whether the frenzy around artificial-intelligence technology that's helped to lift Wall Street this year is deserved or overdone.
Nvidia and a just a handful of other companies were behind the majority of the S&P 500’s gains earlier this year. Many of those “Magnificent Seven” stocks were benefiting from the AI frenzy as well. “A near-stalling of business activity in August raises doubts over the strength of US economic growth in the third quarter,” said Chris Williamson, chief business economist at S&P Global Market Intelligence.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Wall Street holds firmer after three-week slide as Big Tech stocks reboundNEW YORK (AP) — Wall Street closed mixed, holding a bit firmer following its three-week losing streak. The S&P 500 rose 0.7% Monday as gains for Tesla, Microsoft and other Big Tech stocks lifted the index.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Asian stocks follow Wall Street higher ahead of Federal Reserve conferenceBEIJING (AP) — Asian stocks followed Wall Street higher on Tuesday as traders waited for signs of interest rate plans from this week's Federal Reserve conference. Tokyo, Hong Kong and Seoul rose. Shanghai declined. Oil prices edged lower. Wall Street's benchmark S&P 500 index rose Monday for its first gain in five days as tech stocks rallied. Traders hope officials at the Fed's summer Jackson Hole, Wyoming, conference say they are finished raising interest rates that are at a two-decade high. Bu
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street ticks higher in early trading, led again by Big TechNEW YORK (AP) — Wall Street is ticking higher in early trading, on track for its first back-to-back gain in what’s been a miserable August. The S&P 500 was up 0.3% early Tuesday, coming off a gain powered by Big Tech stocks.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street drifts a day after a rare August climb for stocksNEW YORK (AP) — Wall Street is drifting Tuesday and may be heading toward its first back-to-back gain in what’s been a miserable August. The S&P 500 was up 0.1% in early trading, coming off a gain from Monday powered by Big Tech stocks.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street stalls a day after a rare August gainNEW YORK (AP) — Wall Street drifted to a mixed closed ahead of a couple potentially market-shaking events later in the week. The S&P 500 fell 0.3% Tuesday, coming off a rare August gain that was powered by Big Tech.
Source: SooToday - 🏆 8. / 85 Read more »
Tesla stock rises, AMC's stock conversion: Trending stocksTesla (TSLA) shares are moving higher this afternoon after Baird analysts highlight several of the EV maker's latest growth drivers, including its Cybertruck announcement and its business dealings in EV charging deals. AMC Entertainment (AMC) sees its stock tanking despite its getting the green light from Delaware's chancery court for its stock conversion plan for its Preferred Equity units (APE). Yahoo Finance's Jared Blikre and Diane King Hall take a look at several of the stocks trending ahead of Monday's closing bell.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »