News Formal

Stock market today: S&P 500 hovers near 5,500 level as Nvidia surge continues

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 20 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Nvidia News

Nasdaq Composite,S&P 500

Nvidia's record-breaking surge, which catapulted it to the title of world's most valuable public company, was set to continue.

US stock indexes hovered near highs on Thursday after the S&P 500 briefly crossed 5,500 for the first time ever as Nvidia continued a record-breaking surge that has catapulted it to the title of world's most valuable public company. The S&P 500 edged slightly higher after the index secured its 31st record close of the year on Tuesday. The tech-heavy Nasdaq Composite touched new highs before paring gains to fall slightly below the flatline.

Shares are up more than 170% so far this year. On Tuesday, Nvidia completed a remarkably quick surge to usurp Microsoft as the most valuable company in the world — just two weeks after it dethroned Apple as the No. 2 most valuable company. Its rise to the top has come so fast, Yahoo Finance's Jared Blikre wrote, that some more passive investors haven't been able to keep up.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 47. in BUSİNESS

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: S&P 500, Nasdaq hover near records as Nvidia becomes most valuable stockTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq jump as Nvidia surge continuesNvidia's record-breaking surge, which catapulted it to the title of world's most valuable public company, was set to continue.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq set to jump as Nvidia surge continuesNvidia's record-breaking surge, which catapulted it to the title of world's most valuable public company, was set to continue.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nvidia inches higher as S&P 500, Nasdaq hold near recordsGrowing conviction for Fed rate cuts has buoyed megacap techs, injecting life into stocks more broadly.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq hit record highs as Nvidia leads tech rallyBets on Fed rate cuts are tentatively rising as investors weigh signs of a softer labor market and cooling economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq, S&P 500 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 »