Stock market today: Nvidia climbs to Wall Street's mountaintop as stocks broadly drift

NEW YORK — U.S. stocks edged up to more records following the latest signal that the economy’s growth may be slowing without cratering, while Nvidia continued its rocket ride upward to become Wall Street’s most valuable company. The S&P 500 rose 0.3% Tuesday, hitting another all-time high. The Dow Jones Industrial Average edged up 0.1%, and the Nasdaq composite edged higher to another record. Nvidia climbed to top Microsoft and become the largest U.S.

It usurped the top spot on Wall Street, which Microsoft and Apple have been trading back and forth recently. They were at the vanguard of Big Tech, which has come to dominate the U.S. stock market after amassing strength through the digitization of the world. Nvidia is riding the wave of a more specific tech surge, this time in artificial intelligence.

Stocks broadly got some lift from easing yields in the bond market on Tuesday. Treasury yields fell after a report showed sales at U.S. retailers returned to growth last month but remained below economists’ expectations. The yield on the 10-year Treasury fell to 4.21% from 4.29% late Monday. The two-year yield, which more closely tracks expectations for the Fed, fell even more. It dropped to 4.70% from 4.77%.

Inflation is still high, even if it's slowed since its peak, and lower-income households in particular are struggling to keep up with the more expensive prices.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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.
Источник: SooToday - 🏆 8. / 85 Прочитайте больше »

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.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market today: S&P 500, Nasdaq hover near records as Nvidia becomes most valuable stockTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

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...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »