US stocks inched higher on Thursday as markets assessed the latest economic data and the earnings report by Nvidia, used as a bellwether for developments in the global artificial intelligence industry.
The S&P 500 rose 0.3% to a new record while the Nasdaq 100 gained 0.5%. Nvidia shares wavered after beating second-quarter earnings and revenue expectations in wall street, although the chip giant forecasted decelerating growth in data center demand to consolidate the lingering concern that the AI rally is unsustainable.
In turn, the firm stated that it recorded no sales of its H20 chips to China during the quarter and excluded any potential shipments from its guidance. AMD, Intel, and Broadcom rose sharply in the session.
Meanwhile, Crowdstrike added 2%, HP rallied 6%, and Snowflake surged 14% on strong results. In turn, muted movements for core sectors of the economy drove the Dow to trade flat.
Source : Trading Economics
Both the STOXX 50 and the STOXX 600 hovered around the flatline on the final trading day of a volatile November, as the recent rally in global equities showed signs of losing momentum and investors aw...
Asia-Pacific stock markets are expected to open slightly lower on Friday. Sentiment remains thin as US stock futures moved flat during the Thanksgiving holiday, while the Nasdaq Composite is on track ...
European stocks closed higher on Thursday as investors digested the regional and global economic outlook. The pan-European Stoxx 600 reversed course to finish 0.12% higher by the end of Thursday's se...
Asian markets are projected to strengthen on Thursday, following Wall Street's rally, which has risen four consecutive days ahead of the Thanksgiving holiday. Japanese and mainland Chinese index futur...
Stocks rallied on Wednesday (November 26), pushing the major stock averages to their fourth straight day of gains ahead of the Thanksgiving holiday. The Dow Jones Industrial Average rose 388 points, ...
Conflicting signals from the Federal Reserve on the timing and magnitude of U.S. interest rate cuts have accelerated hedging flows into swaptions and derivatives tied to overnight rates, with investors seeking protection against heightened policy...
The U.S. dollar strengthened slightly on Friday, but the greenback is still facing its sharpest weekly drop since July as traders assess the probability of a rate reduction by the U.S. Federal Reserve next month. Traders have raised the odds of a...
Brent crude oil futures inched up on Friday as drawn-out Russia-Ukraine peace talks kept geopolitical risks elevated, while traders kept one eye on the outcome of an OPEC+ meeting on Sunday for clues about potential output changes. However, U.S....
The US government posted a higher deficit of $284 billion for October in a report delayed by the recent federal government shutdown, reflecting...
The European stock markets closed higher in Wednesday trading as the Stoxx Europe gained 1.06%, Germany's DAX rose 0.98%, the FTSE 100 advanced...
The Dow Jones Industrial Average closed higher on Tuesday (November 25th) after posting another rally, as traders weighed expectations for a Federal...
Asian stock markets continued their rally for a third day, tracking gains on Wall Street. Indexes in Japan, South Korea, and Australia opened higher...