Dow Vaults 400+, NASDAQ Skyrockets On Nvidia Strength

(MENAFN- Baystreet) Record High for S&P

  • S&P Rallies to All-Time High
  • Futures Climb on Strong Earnings
  • NASDAQ Lower for 3rd Day, on Nvidia Weakness
  • Stocks Take Beating as Nvidia Earnings Near Subscribe to Get Small Cap News & Alerts Glenn Wilkins - Thursday, February 22, 2024

    Dow Vaults 400+, NASDAQ Skyrockets on Nvidia Strength Advertisment
    The S&P 500 surged to new highs on Thursday after chip giant Nvidia reported much stronger-than-expected quarterly results, lifting the broader market and tech sector.
    The Dow Jones Industrials popped 456.87 points, or 1.2%, to 39.069.11, to surpass 39,000 for the first time ever and close at a new high.
    The much-broader Index jumped 105.23 points, or 2.1%, to 5,087.03.
    The NASDAQ index soared 460.75 points, or 3%, to 16,041.62, for its best day since February 2023,
    Those increases helped the major averages snap a three-day losing streak.
    Shares of Nvidia popped 16.4% to an all-time high after the chip company said total revenue rose a whopping 265% from a year ago - driven by its booming artificial intelligence business. Nvidia, which has become one of the largest U.S. companies by market capitalization, also forecast another stellar revenue gain for the current quarter, even against elevated expectations for massive growth.
    Other tech names were also higher. Facebook parent Meta gained 3.8% and Amazon progressed 3.5%. Microsoft and Netflix each advanced more than 2%.
    Prices for the 10-year Treasury fell, raising yields to 4.33% from Wednesday's 4.32%. Treasury prices and yields move in opposite directions.
    Oil prices gained 51 cents to $78.42 U.S. a barrel.
    Gold prices dipped 20 cents to $2,034.10.

    • About Us
    • Contact Us
    • Advertise
    • License Our Content
    • Jobs
    • Disclaimer
    • Privacy Policy

    Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks


  • Legal Disclaimer:
    MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.