Stock market today: Wall Street barrels to more records as Nvidia tops $3 trillion in total value

NEW YORK — Wall Street is barreling toward records Wednesday as technology stocks keep rushing higher. The rally sent the total market value of Nvidia, the stock that's become the poster child of the artificial-intelligence boom, above $3 trillion for the first time.

A frenzy on Wall Street around AI has catapulted stocks, almost regardless of what the broader economy and interest rates are doing. Nvidia rose another 5% to bring its gain for the year to 147%. Its chips are powering much of the rush into AI, and Nvidia again was the strongest force lifting the S&P 500 by far.

They helped offset a 5.6% drop for Dollar Tree, which matched analysts’ expectations for profit but fell just shy for revenue. The retailer also said it’s considering selling or spinning off its Family Dollar business. Another report in the morning suggested hiring slowed last month by more than expected at U.S. employers outside the government.

The yield on the 10-year Treasury eased to 4.28% from 4.33% late Tuesday. It's well below the 4.60% that it reached a week ago.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock market today: Wall Street ticks higher as Nvidia, GameStop and others leapNEW YORK (AP) — Most stocks are ticking higher as Wall Street approaches its recently set records. The S&P 500 was up 0.4% in early trading, coming off its sixth winning month in the last seven.
Fuente: SooToday - 🏆 8. / 85 Leer más »

Stock market today: Nasdaq, S&P pop to records as Wall Street waits for Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Wall Street firms up Nvidia price targets ahead of earningsNvidia (NVDA) reports its fiscal first-quarter earnings results after the closing bell on Wednesday, May 22. The chip giant has powered market rallies in...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Nvidia stock pops 9%, tops $1,000 after earnings beat forecasts, announces stock split and dividend hikeNvidia reported its fiscal first quarter earnings after the bell on Wednesday, beating analysts' expectations on the top and bottom lines while raising its...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »