Diamond Member Pelican Press 0 Posted May 23, 2024 Diamond Member Share Posted May 23, 2024 Stock market today: Live updates Traders work on the floor of the New York Stock Exchange on May 16, 2024. Brendan Mcdermid | Reuters The Nasdaq Composite rose to a new record Thursday, as Wall Street assessed the latest quarterly results from market bellwether Nvidia. The tech-heavy Nasdaq added 0.6% to an all-time high. The S&P 500 added 0.1% after hitting a record high earlier during the session. Meanwhile, the Dow Jones Industrial Average lagged, losing 188 points, or 0.5%. Intel and Boeing both dropped more than 2%, dragging the 30-stock index lower. Chipmaker and artificial intelligence darling Nvidia surged 8.5%, sending shares above $1,000, after posting stronger-than-expected fiscal first-quarter results and announcing a 10-for-1 stock split. Fiscal second-quarter revenue guidance of about $28 billion also beat an LSEG consensus forecast of $26.61 billion — a sign the company doesn’t see its momentum slowing. For the bottom line, analysts expect a profit of $5.95 per share. Nvidia’s results have been a focal point for Wall Street, as traders hoped for signs that the excitement around AI is not waning. With its $2.3 trillion market cap, Nvidia also has considerable sway over the broad S&P 500. The chipmaker’s beat and raise “supplants the AI theme as a real driver of fundamentals today, not just in a future ******* where it could get adopted,” said Ross Mayfield, Baird investment strategy analyst. “Companies are spending on AI, and Nvidia is building the infrastructure — there’s a whole downstream economy from this.” Correction: A previous version misstated the consensus revenue estimate for Nvidia’s fiscal second quarter. This is the hidden content, please Sign In or Sign Up Dow Jones Industrial Average,S&P 500 Index,Snowflake Inc.,NVIDIA Corp,NASDAQ 100 Fut (Mar'23),S&P 500 Fut (Mar'23),Dow Jones Fut (Mar'23),******* States,Markets,Stock markets,Breaking News: Markets,Micron Technology Inc,Advanced Micro Devices Inc,Super Micro Computer Inc,Earnings,NASDAQ Composite,Intel Corp,Boeing Co,business news #Stock #market #today #Live #updates This is the hidden content, please Sign In or Sign Up For verified travel tips and real support, visit: https://hopzone.eu/ 0 Quote Link to comment https://hopzone.eu/forums/topic/36617-stock-market-today-live-updates/ Share on other sites More sharing options...
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