Nvidia’s split of soaring stock could boost retail investor appeal, Dow chances
Nvidia shares were soaring 10% afternoon after the company announced a 10-for-one stock split as part of a blockbuster quarterly report.
Nvidia shares were soaring 10% afternoon after the company announced a 10-for-one stock split as part of a blockbuster quarterly report.
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 surpassed Amazon.com Inc in market capitalization on Monday.
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.
Apple fell nearly 3% to a seven-week low after Barclays downgraded the shares on concerns demand for its devices will remain weak in 2024.
U.S. stocks fell on the first trading day of 2024 after investors tempered expectations around interest-rate cuts this year.