US EditionS&P 500, Nasdaq Edge up in Cautious Start to a Busy Week
Nvidia and Micron gained as AI enthusiasm lifted chip stocks, while Poet Technologies fell nearly 50% after losing key Marvell orders.
- The GSPC inched up 0.12% to 7,173.91, reaching a new high, while the Nasdaq rose 0.20% and the Dow Jones Industrial Average slipped 0.13% amid market jitters.
- Middle East tensions remain elevated as blockades continue to stop tankers from passing through the Strait of Hormuz, driving WTI crude to briefly top $97 a barrel.
- Nvidia advanced to fresh records and Micron Technology gained on positive analyst commentary, while Poet Technologies "cratered" almost 50% after losing Marvell Technology orders.
- Investors are monitoring the Federal Reserve following this week's meeting as market participants await official commentary regarding concerns about inflation and the wider economy.
- Diversification and careful risk management remain crucial as some investors seek new AI plays, including companies that mine essential commodities or provide power, according to The Motley Fool.
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13 Articles
On the 27th (local time), the S&P 500 index, centered on large-cap stocks, and the Nasdaq index, centered on technology stocks, once again hit all-time highs at the New York Stock Exchange. The S&P 500 and Nasdaq indices closed the day up 0.1% and 0.2%, respectively, from the previous trading day. This signifies just how heated the stock prices of 500 leading U.S. conglomerates and high-tech companies have become. In contrast, the Dow Jones 30 I…
S&P 500, Nasdaq edge up in cautious start to a busy week
NEW YORK — The S&P 500 and the Nasdaq eked out modest gains April 27 in muted trading, as investors took a breath at the top of an eventful week, with earnings, economic data, the Federal Reserve's rate decision and…
Stock Market Today, April 27: S&P 500 Inches to New Record on Further AI Optimism
The S&P 500 (SNPINDEX:^GSPC) inched up 0.12% to 7,173.91, reaching a new high. The Nasdaq Composite (NASDAQINDEX:^IXIC) rose 0.20% to 24,887.10 on AI strength, while the Dow Jones Industrial Average (DJINDICES:^DJI) slipped 0.13% to 49,167.79 as geopolitical and rate jitters capped blue chips.Market moversNvidia advanced to fresh records while and Micron Technology gained on positive analyst commentary. Persistent artificial intelligence (AI) an…
The Dow Jones index closed by 0.13%, at 49.168.04 points, the S&P 500 rose by 0.12%, at 7.173.93 points, and the Nasdaq gained 0.20%, at 24.887.10 points
U.S. investors are torn back and forth between the stifling efforts to end the Iran war and the reporting season. However, it is clear that trade is facing an eventful week.
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