Stock market today: AI stocks leap as interest-rate worries hold back the rest of Wall Street
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Technology stocks, propelled by a blowout profit report from Nvidia, are driving the stock market today, while interest-rate worries are holding back the rest of Wall Street. The S&P 500 is up 0.2%, the Nasdaq composite is up 0.8%, and the Dow Jones Industrial Average is down 0.6%. Nvidia's revenue surged 262% in the latest quarter, and its profit increased by 629%. Other AI stocks, such as Super Micro Computer, also saw gains. However, the majority of stocks fell on Wall Street due to pressure from bond market yields. Reports suggesting a strong U.S. economy raised concerns about the Federal Reserve delaying interest rate cuts. Traders pulled back on bets for rate cuts after a preliminary report showed strong growth in U.S. business activity. Treasury yields rose in response. Utility stocks and companies like Live Nation Entertainment and VF Corp. experienced drops in stock prices. In international markets, indexes were mixed in Europe and Asia. Japan's Nikkei 225 rose 1.3%, while Hong Kong and Shanghai indexes fell amid concerns about China's troubled property sector. Overall, the stock market is experiencing a mix of gains and losses driven by technology stocks and interest-rate worries.
#StockMarket #AiStocks #InterestRates #Nvidia #S&p500 #Nasdaq #DowJones #SuperMicroComputer #FederalReserve #BondMarket #UtilityStocks #LiveNationEntertainment #VfCorp #Japan #China
https://apnews.com/article/stock-market-china-inflation-rates-e13634fc3292c49b2261fd51bb344e14
Associated Press /
npub1a0…hpjg3
2024-05-23 18:59:51
Author Public Key
npub1a0fuvl8533q7nuqhyrcame9wdt74zq93g0pc7vw6fd02yt2mztxqnhpjg3Published at
2024-05-23 18:59:51Event JSON
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"content": "Stock market today: AI stocks leap as interest-rate worries hold back the rest of Wall Street\n==========\n\nTechnology stocks, propelled by a blowout profit report from Nvidia, are driving the stock market today, while interest-rate worries are holding back the rest of Wall Street. The S\u0026P 500 is up 0.2%, the Nasdaq composite is up 0.8%, and the Dow Jones Industrial Average is down 0.6%. Nvidia's revenue surged 262% in the latest quarter, and its profit increased by 629%. Other AI stocks, such as Super Micro Computer, also saw gains. However, the majority of stocks fell on Wall Street due to pressure from bond market yields. Reports suggesting a strong U.S. economy raised concerns about the Federal Reserve delaying interest rate cuts. Traders pulled back on bets for rate cuts after a preliminary report showed strong growth in U.S. business activity. Treasury yields rose in response. Utility stocks and companies like Live Nation Entertainment and VF Corp. experienced drops in stock prices. In international markets, indexes were mixed in Europe and Asia. Japan's Nikkei 225 rose 1.3%, while Hong Kong and Shanghai indexes fell amid concerns about China's troubled property sector. Overall, the stock market is experiencing a mix of gains and losses driven by technology stocks and interest-rate worries.\n\n#StockMarket #AiStocks #InterestRates #Nvidia #S\u0026p500 #Nasdaq #DowJones #SuperMicroComputer #FederalReserve #BondMarket #UtilityStocks #LiveNationEntertainment #VfCorp #Japan #China\n\nhttps://apnews.com/article/stock-market-china-inflation-rates-e13634fc3292c49b2261fd51bb344e14",
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