Nvidia’s stock price surged after delivering another blowout quarter, setting off a rally in other technology companies that carried Wall Street to another record high.
The chipmaker, a central player in the boom surrounding artificial intelligence technology, reported scorching demand for its semiconductors.
The S&P 500 rose 2.1 percent Thursday to another all-time high. The Nasdaq added 3 percent. The Dow, which has a smaller weighting in tech stocks, rose 1.2 percent, marking its first close above 39,000. Nvidia’s stock price rose more than 16 percent, leading gains among tech companies.
On Thursday:
The S&P 500 rose 105.23 points, or 2.1 percent, to 5,087.03.
The Dow Jones Industrial Average rose 456.87 points, or 1.2 percent, to 39,069.11.
The Nasdaq composite rose 460.75 points, or 3 percent, to 16,041.62.
The Russell 2000 index of smaller companies rose 19.09 points, or 1 percent, to 2,013.84.
For the week:
The S&P 500 is up 81.46 points, or 1.6 percent.
The Dow is up 441.12 points, or 1.1 percent.
The Nasdaq is up 265.97 points, or 1.7 percent.
The Russell 2000 is down 18.91 points, or 0.9 percent.
For the year:
The S&P 500 is up 317.20 points, or 6.7 percent.
The Dow is up 1,379.57 points, or 3.7 percent.
The Nasdaq is up 1,030.27 points, or 6.9 percent.
The Russell 2000 is down 13.24 points, or 0.7 percent.
The Epoch Times copyright © 2024. The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.
