US EditionU.S. stocks drift higher, led by Nvidia and other tech companies
Major banks beat profit estimates with strong dealmaking while tech firms led gains, pushing the S&P 500 up 0.3% amid ongoing economic uncertainty and a government shutdown.
- On Oct 15, the S&P 500 index ended higher as Morgan Stanley, financial firm, jumped to a record high and Bank of America, bank, rose 4.4% after strong bank earnings.
- This week’s bank results kicked off third-quarter earnings season and offered hints about the economy while many macroeconomic reports remain on hold due to the U.S. government shutdown.
- The banking sector strengthened as the S&P 500 banking index rose 1.2% in its first three-day winning streak in more than three weeks, while U.S. exchanges volume was relatively heavy at 21.5 billion shares.
- The Dow added 119 points and the Nasdaq climbed 0.6% in early trading, while Applied Digital surged after BlackRock, Microsoft and Nvidia agreed to a $40 billion deal.
- With AI stocks leading gains, critics warn of a possible bubble as the S&P 500 surged 35% since April and TSMC posted net profit nearly 40% higher to $15 billion last quarter.
31 Articles
31 Articles
Idaho Press
US stocks drift higher, led by Nvidia and tech
U.S. stock indexes are ticking higher. The S&P 500 rose 0.4% Thursday. The Dow Jones Industrial Average added 85 points, and the Nasdaq composite climbed 0.7%. Technology stocks helped lead the way after Taiwan Semiconductor Manufacturing Co. reported a big…
Stocks rise on Wall Street as tech helps lead the way again (Business)
U.S. stock indexes are ticking higher. The S&P 500 rose 0.3% in early trading Thursday. The Dow Jones Industrial Average added 119 points, and the Nasdaq composite climbed 0.6%. Technology stocks helped lead the way after Taiwan Semiconductor Manufacturing Co. reported a bigger jump in profit fo...
Stock Market Live October 16: S&P 500 (VOO) Rising Early On Investor Enthusiasm
Live Updates Live Analysts at Bank of America just reiterated a buy rating on Nvidia (NASDAQ: NVDA). The firm says NVDA is well-positioned for healthcare and artificial intelligence. “Nvidia, a leader in accelerated computing, has broadened its reach into high-compute healthcare workloads and continues to engage in partnerships on the application side,” they said, as quoted by CNBC. Morgan Stanley is still bullish on NVDA, noting, “Our thought…
WSB_TV Atlanta 2
US stocks drift higher, led by Nvidia and other tech companies
U.S. stock indexes are ticking higher
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
