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Stock market today: Nvidia keeps flying and helps keep Wall Street near its records

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NEW YORK (AP) — Nvidia, the chip company that’s become Wall Street’s most influential stock, is rising again and helping to keep U.S. indexes around their record highs despite a mixed set of reports on the economy. The S&P 500 was up 0.

NEW YORK — Nvidia, the chip company that’s become Wall Street’s most influential stock, is rising again and helping to keep U.S. indexes around their record highs despite a mixed set of reports on the economy. The S&P 500 was up 0.1% in early trading Thursday after setting an all-time high for the 31st time this year before Wednesday’s holiday. The Dow Jones Industrial Average was little changed, and the Nasdaq composite was up 0.2%.

Ahead of the reopening of U.S. markets, the future for the Dow Jones Industrial Average was little changed while that for the S&P 500 rose 0.4%.The Hang Seng in Hong Kong shed 0.5% to 18,335.32. The Hang Seng tech index retreated 1.7%, after jumping 3.7% on Wednesday, tracking Nvidia's advance. The Shanghai Composite index dropped 0.4% to 3,005.44.

The central parity rate is based on a weighted average of prices offered by market makers before the interbank market opens each business day. Downward pressure on the yuan is a factor complicating China's efforts to use monetary policy to spur lackluster growth in the world's second-largest economy.

Meanwhile, markets were digesting comments from People's Bank of China Gov. Pan Gongsheng, who told a financial forum in Shanghai that China will keep its monetary policies accommodative to support the economy. Comments by Pan and other Chinese officials about reforming and improving Chinese markets appeared to have little impact on share prices.

 

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