The S&P 500 was up 0.4% in early trading and on track to top its record set earlier this week. Technology stocks were leading the way, and the Nasdaq composite was 1% higher and likewise on pace for another all-time high, as of 9:38 a.m. Eastern time. The Dow Jones Industrial Average, which hasNvidia soared 9.2% after it delivered its latest knockout profit report late on Wednesday. Its revenue surged 262% in the latest quarter from a year earlier, and its profit leaped an eye-popping 629%.
AMD rose 3.7%, along with other chip companies rose. Super Micro Computer, which sells server and storage systems used in AI and other computing, jumped 10.6%. In the bond market, Treasury yields were holding relatively steady following the latest report to show the U.S. job market remains solid despite high interest rates.The yield on the 10-year Treasury edged down to 4.42% from 4.43% late Wednesday. The two-year yield, which more closely tracks expectations for action by the Federal Reserve, edged up to 4.88% from 4.87%.
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