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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Stock market today: Asian stocks advance after Wall Street closes out another winning weekAsian stocks have advanced after U.S. stock indexes drifted near their records on Friday with the Dow Jones Industrial Average finishing above 40,000 for the first time.
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