Stock market today: S&P 500, Nasdaq gain as US GDP data, chip stocks lift mood

US stocks jumped on Thursday afternoon, setting the stage for fresh record highs. Investors welcomed a slew of updates, including solid US economic data, Micron's upbeat earnings, and China's pledges of more stimulus. The Dow Jones Industrial Average rose 0.7%, while the S&P 500 added more than 0.4% after both gauges slipped back from all-time highs in the prior session. The tech-heavy Nasdaq Composite gained roughly 0.5% amid a sharp spike in Micron's shares.

During Thursday's session, Super Micro Computer stock tanked 14% after the Wall Street Journal reported the Department of Justice is probing the server maker following a short seller report from Hindenburg Research published last month. A final update from the US government on second quarter GDP growth beat Wall Street expectations, while weekly jobless claims unexpectedly fell to the lowest levels in four months.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today: S&P 500, Nasdaq slip as sluggish start to September continuesInvestors are looking to labor data to gauge the chances of a 'soft landing' for the economy.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Dow, S&P 500, Nasdaq surge as Fed fires up rallyWall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Dow hits record, S&P 500, Nasdaq rise despite fall in Nvidia sharesThe dust is settling after Nvidia's solid but disappointing earnings, as investors reassessed the prospects for techs.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: S&P 500, Nasdaq jump for 4th straight day as tech leads stocks higherWholesale inflation and jobless data set the stage for a Fed rate cut next week.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Dow, S&P 500 close at record highs, Nasdaq surges amid rate cut euphoriaWall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Nasdaq, S&P 500 futures slide amid more soft jobs market dataLabor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »