S&P 500 notches record high as Nvidia rally continues
The benchmark S&P 500 touched a record high on Thursday, boosted by strong gains in Nvidia.
The benchmark S&P 500 touched a record high on Thursday, boosted by strong gains in Nvidia.
Nvidia dethroned tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate AI technology.
Harry Dent, the outspoken financial author and economist, is not reversing course from his bold “crash of a lifetime” declaration from this past December.
Wall Street’s main indexes crept higher in volatile trading on Monday as shares of Tesla and Apple advanced.
Some megacap growth stocks edged higher in early trading, with Meta Platforms, Amazon.com and Apple up between 0.6% and 1.5%.
A Labor Department report showed the PPI for final demand rose 0.2% in March, against forecasts of a 0.3% increase.
U.S. stocks recorded weekly losses on Friday as traders scaled back expectations on the timing of rate cuts.
Wall Street’s main stock indexes ticked higher, with the blue-chip Dow leading gains in thin trading ahead of crucial economic data.
Nvidia briefly displaced Alphabet as the U.S. stock market’s third most valuable company.
Stocks finished lower after upbeat December U.S. retail sales data eroded expectations the Federal Reserve will kick off its rate-cut campaign as early as March.