The S&P 500 and Nasdaq touched fresh intraday records on Thursday after Nvidia's blockbuster earnings lit a fire under optimism that the AI rally has more room to run. The tech-heavy Nasdaq Composite jumped about 1%, while the S&P 500 rose 0.6%. The Dow Jones Industrial Average , which includes fewer tech stocks, were up 0.1%.
The Nvidia euphoria helped the market set aside the interest rate hike concerns that fed the previous day's losses. Stocks had slipped after Federal Reserve minutes revealed some policymakers are open to keeping rates higher for longer this year if inflation doesn't cool as projected.
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: Nasdaq, S&P 500 futures pop as Nvidia galvanizes stocksNvidia's blockbuster earnings have fired up optimism for AI's ability to fuel growth, eclipsing rate-hike worries for now.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Nasdaq, S&P 500 futures pop as Nvidia results light up chip stocksThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Stock market today: S&P 500, Nasdaq notch big gains as Tesla kicks off 'Magnificent 7' earningsThe wait for Tesla results is on as investors look to Big Tech earnings to buoy stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: S&P 500, Nasdaq notch big gains with Tesla earnings on deckThe wait for Tesla results is on as investors look to Big Tech earnings to buoy stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market: S&P 500, Nasdaq continue rebound from Q2 lowsThe S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are finding their groove as they close slightly higher for the third session in a row, shaking off pre...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Nasdaq, S&P pop to records as Wall Street waits for Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »