Nvidia, stock futures and Dow
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U.S. stocks surged on Thursday after Nvidia's strong earnings and September jobs data soothed investor jitters about the AI trade and potentially bigger potholes in the labor market. The Dow Jones Industrial Average opened over 500 points higher,
Stock futures pointed sharply higher Thursday, a day after AI darling Nvidia reported quarterly results above analysts' lofty expectations.
Walmart also reported its latest quarterly results Thursday. The Arkansas retailer delivered another standout quarter, posting strong sales and profits that blew past Wall Street expectations as it continues to lure cash-strapped Americans who have grown increasingly anxious about the economy and prices.
US indices saw early Thursday strength, supported by Nvidia earnings, though key resistance levels remain in focus. Markets appear generally bullish, with dips still viewed as buying opportunities and a potential Santa Claus rally on the horizon.
The stock market rally climbed on Nvidia’s back once again on Thursday. The Nasdaq Composite surged 2.1% shortly after the market opened. The S&P 500 rose 1.6%. The Dow Jones Industrial Average rallied 630 points,
Nvidia shares rose about 5% in off-hours trading following the AI chipmaker's earnings on Wednesday. + That would be well above the average price gain for the past eight quarters on the trading day after earnings,
Major stock indexes ended sharply lower to begin the week, which will see AI darling Nvidia and retail giants report quarterly results, as well as the release of the September jobs report delayed because of the U.
Nvidia reported record revenue for the third quarter of $57.0 billion, up 22% from the previous quarter and up 62% from a year ago. Following the release of the AI chipmaker's earnings reports, US stock index futures experienced a general increase in trading on Wednesday,
Stocks finished lower on Monday, with the Dow Jones Industrial Average and S&P 500 suffering their third straight day of losses.
Stocks closed markedly lower on Tuesday as fears of a bubble in artificial intelligence technology hammered markets for a fourth consecutive trading day.