WNYT NewsChannel 13 on Nostr: Stock market today: More gains for tech send S&P 500 and Nasdaq composite toward ...
Stock market today: More gains for tech send S&P 500 and Nasdaq composite toward all-time highs
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The S&P 500 and Nasdaq composite indexes are rising toward all-time highs as technology stocks keep climbing. The S&P 500 was 1% higher in afternoon trading and on track to surpass its record set two weeks ago. The Nasdaq composite was 1.7% higher, as of 2:32 p.m. Eastern time, and on also on track to set an all-time high. Some fatter-than-expected profit reports from tech companies helped drive the market. Hewlett Packard Enterprise jumped 12.2% after saying strong sales related to artificial-intelligence systems helped it deliver better results than expected. Nvidia rose another 4.4% to bring its gain for the year so far to 145%. Other big tech stocks also drove the market higher, including a 5.2% rise for Broadcom and 1.7% gain for Microsoft. Cybersecurity company CrowdStrike climbed 10.8% after delivering better profit and revenue for the latest quarter than expected. Treasury yields fell in the bond market following some mixed data on the economy. Stocks have generally been shaky recently after reports suggested the U.S. economy’s growth is fading under the weight of high interest rates. The next big move for Treasury yields and Wall Street overall could come Friday, when the U.S. government releases its monthly jobs report.
https://wnyt.com/us-news/stock-market-today-more-gains-for-tech-send-sp-500-and-nasdaq-composite-toward-all-time-highs/
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The S&P 500 and Nasdaq composite indexes are rising toward all-time highs as technology stocks keep climbing. The S&P 500 was 1% higher in afternoon trading and on track to surpass its record set two weeks ago. The Nasdaq composite was 1.7% higher, as of 2:32 p.m. Eastern time, and on also on track to set an all-time high. Some fatter-than-expected profit reports from tech companies helped drive the market. Hewlett Packard Enterprise jumped 12.2% after saying strong sales related to artificial-intelligence systems helped it deliver better results than expected. Nvidia rose another 4.4% to bring its gain for the year so far to 145%. Other big tech stocks also drove the market higher, including a 5.2% rise for Broadcom and 1.7% gain for Microsoft. Cybersecurity company CrowdStrike climbed 10.8% after delivering better profit and revenue for the latest quarter than expected. Treasury yields fell in the bond market following some mixed data on the economy. Stocks have generally been shaky recently after reports suggested the U.S. economy’s growth is fading under the weight of high interest rates. The next big move for Treasury yields and Wall Street overall could come Friday, when the U.S. government releases its monthly jobs report.
https://wnyt.com/us-news/stock-market-today-more-gains-for-tech-send-sp-500-and-nasdaq-composite-toward-all-time-highs/