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Markets · Investing · Business
Finance
Nvidia Delivers and the Nasdaq Jumps 1.3%
Nvidia and Salesforce did the heavy lifting Thursday while 23 of 30 Dow stocks fell. This is what a narrow Wall Street rally looks like.
U.S. stocks are higher on Thursday, led by the technology-heavy indexes. AI chip giant Nvidia(NASDAQ: NVDA) delivered another quarter of accelerating growth and the market's attention turned to these blowout results.
The Nasdaq Composite(NASDAQINDEX: ^IXIC) leads at 1.31% as of 12:10 p.m. ET, the S&P 500(SNPINDEX: ^GSPC) is up 0.66%, and the Dow Jones Industrial Average(DJINDICES: ^DJI) trails at 0.33%. The spread between the surging Nasdaq Composite and the stable Dow index is the whole story: a few giant names are doing the heavy lifting while the rest of the market is taking a break.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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