Reported 4 months ago
The Nasdaq closed above 17,000 for the first time, driven by gains in Nvidia, while the S&P 500 ended slightly higher and the Dow closed lower as Treasury yields rose. Nvidia's 7% surge boosted chip stocks, with the semiconductor index rising 1.9%. Technology led sector gains on the S&P 500, but healthcare and industrials declined. Stocks fell in the afternoon as Treasury yields climbed to multi-week highs following weak debt auctions. Investors are monitoring U.S. inflation data that could impact Fed rate cut expectations. The Dow fell 0.55% to 38,852.86, the S&P 500 gained 0.02% to 5,306.04, and the Nasdaq Composite rose 0.59% to 17,019.88. Apple and GameStop shares saw notable movements, and Hess shareholders approved a merger with Chevron. Retail sector earnings reports and a shorter settlement cycle in U.S. trading were also highlighted.
Source: YAHOO