The Dow hit a fresh intraday record on Thursday while the other major averages also rose as investors assessed Nvidia's earnings and data showing the US economy grew more than expected. The Dow Jones Industrial Average gained more than 350 points to hit a fresh record. The tech-heavy Nasdaq Composite rose more than 1%, while the S&P 500 moved up roughly 0.5% on the heels of losses for all three gauges.
Elsewhere in earnings, Salesforce shares popped after a big earnings beat by the software maker. Best Buy shares soared 17% after the retailer posted better-than expected results as its sales stabilize. Meanwhile, Dollar General shares tanked 25% after the retail chain cut its full year outlook and blamed softer sales in the second quarter on "financially constrained" customers.
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: S&P 500, Nasdaq slump as Nvidia struggles ahead of earningsStocks are eyeing a bid for fresh record highs after Jerome Powell made it crystal clear the Fed is ready to pivot to lowering rates in September.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Dow closes at record high, S&P 500, Nasdaq slide as tech lagsStocks are eyeing a bid for fresh record highs after Jerome Powell made it crystal clear the Fed is ready to pivot to lowering rates in September.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Dow rises 200 points, S&P 500 advances as wait for Powell beginsInvestors are counting down to a speech by Jerome Powell at Jackson Hole that could reset rate-cut expectations.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: S&P 500, Nasdaq, Dow rise as wait for Powell beginsInvestors are counting down to a speech by Jerome Powell at Jackson Hole that could reset rate-cut expectations.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Dow leads US futures higher in aftermath of Nvidia earningsThe dust is settling after Nvidia's solid but disappointing earnings, as investors reassessed the prospects for techs.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Dow ekes out another record as investors await Nvidia earningsStocks are struggling to find a footing as Nvidia's high-stakes earnings loom.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »