NEW YORK — Stocks rose on Wall Street Thursday as markets shift their focus back to the U.S. economy.
The market’s gains came despite a drop in Nvidia, which has ridden the frenzy over artificial intelligence to become one of the S&P 500’s most influential companies. Its shares fell 2.5% despite stellar results for the second quarter. The stock, with a total market value topping $3 trillion, is still up 147% in 2024.
The mostly solid earnings and economic growth updates are capping off a month of encouraging reports for the broader economy. Data from various reports in August have shown that retail sales, employment and consumer confidence remain strong.
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Stock market today: Wall Street rises as market focus turns from Nvidia to US economyNEW YORK (AP) — Stocks rose on Wall Street Thursday as markets shift their focus back to the U.S. economy. The S&P 500 rose 0.6% in morning trading, while the Dow Jones Industrial Average added 137 points, or 0.3%. The Nasdaq rose 1.
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Stock market today: Wall Street opens higher as market focus turns from Nvidia to US economyNEW YORK (AP) — Wall Street is opening with gains as markets shift their focus back to the U.S. economy. The S&P 500 rose 0.4% in early trading Thursday, while the Dow Jones Industrial Average added 148 points, or 0.4% and the Nasdaq rose 0.8%.
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Stock market today: Wall Street hovers around records ahead of Nvidia earnings and inflation dataNEW YORK (AP) — Wall Street is hovering around record highs at the start of a week featuring another full slate of corporate earnings and the government’s...
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Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surgesLOS ANGELES (AP) — Nvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia’s place as the poster child of the artificial intelligence boom — but investors seemed less than im
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Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surgeLOS ANGELES (AP) — Nvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia’s place as the poster child of the artificial intelligence boom — but investors seemed less than im
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