News Formal

Stock market today: Dow, S&P 500 head for record high, Nasdaq jumps as Nvidia surges

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 22 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 63%

Nasdaq Composite News

S&P 500,Arm Holdings,Record Highs

Stocks are upbeat as Nvidia heads for a fresh record high, with the next batch of big bank earnings in focus.

US stocks rose on Monday to head for fresh record highs as Nvidia shares climbed and investors prepared for more big bank earnings to test that rally and the chances of an economic "soft landing." The S&P 500 moved up 0.7% to head for a fresh record after ending above 5,800 for the first time on Friday. The tech-heavy Nasdaq Composite jumped 0.7%. The Dow Jones Industrial Average rose more than 100 points, or 0.4%.

The Dow and S&P 500 closed a winning week at new records after JPMorgan Chase and Wells Fargo earnings largely passed Wall Street's test. Investor focus is staying on big banks with reports from Goldman Sachs , Citi , and Bank of America on Tuesday's docket, and Morgan Stanley due Wednesday. At the same time, there's still uncertainty about whether the Federal Reserve will cut interest rates again.

 

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: Stock rally loses steam as S&P 500, Dow slip from recordsNow that the Fed has started cutting rates, the economy has taken to the fore for investors.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500, Nasdaq slip as 10-year jumps past 4%Investors have overhauled their views on interest rate cuts after a blowout jobs report, ahead of a week of key inflation data and the start of earnings...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow and S&P 500 notch record highs as earnings season kicks offThe Dow and S&P 500 soar to new highs as banks kick off earnings season
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500, Nasdaq slip after hotter-than-expected inflation printInvestors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500, Nasdaq futures stall with Fed and Google breakup in focusInvestors are locked in debate over a 'no landing' for the economy, with Fed minutes on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500 eke out record closes as stocks extend September rallyThe focus is on Fed speakers and a key inflation reading for insight into whether another big rate cut is coming.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »