By Noel Randewich and Saqib Iqbal Ahmed (Reuters) -Nvidia dragged technology heavyweights lower after the chip maker’s earnings disappointed investors who had been hoping they would fuel fresh gains in Wall Street’s most valuable companies, and sent stocks in Asia down on Thursday. Nasdaq futures initially dropped about 1% following Nvidia’s quarterly earnings report late
Federal Reserve Chair Jerome Powell told investors on Friday “time has come for policy to adjust.” In response, stocks finished the week near record highs. The S&P 500 (^GSPC), the Nasdaq Composite (^IXIC), and the Dow Jones Industrial Average (^DJI) all rose more than 1% on the week. The S&P 500 is now within 1%
Photo: shironosov (Getty Images) In This Story The stock market has maintained a bullish trend for some time, rebounding from earlier losses experienced at the beginning of the month. This upward momentum is largely driven by strong economic data, which has bolstered investor confidence in potential interest rate cuts and favorable macroeconomic policies. How will
How much hype is left in Nvidia’s stock? Anyone with an S&P 500 index fund is hoping to get an answer to that weighty question next week. Nvidia has ridden Wall Street’s mania around artificial intelligence to become one of the stock market’s most massive companies, with a total value topping $3 trillion. Real money has backed the rise, and
Nvidia stock (NVDA) climbed more than 6% Thursday along with other chip stocks as tech led a market rebound. The bounce back comes a day after shares of the AI chip heavyweight fell more than 5%. Wall Street has been bullish on Nvidia following a decline of more than 25% from the stock’s intraday peak
Just ahead of a pivotal Fed policy meeting and a clutch of Big Tech quarterly reports, US stocks fell, dragged by a drop of AI chip heavyweight Nvidia (NVDA). The S&P 500 (^GSPC) fell by 0.5% while the tech-heavy Nasdaq Composite (^IXIC) dropped roughly 1.3%, as investors awaited key earnings from the likes of Microsoft
US stocks fell on Tuesday led by a drop in shares of AI chip heavyweight Nvidia (NVDA) as investors awaited key earnings from the likes of Microsoft (MSFT) and AMD (AMD). The S&P 500 (^GSPC) fell 0.4% while the tech-heavy Nasdaq Composite (^IXIC) dropped roughly 1%, on the heels of a lackluster session for the