Skip to content

Stock market today: Nvidia climbs to Wall Street’s mountaintop as indexes edge up to more records

Stock market today: Nvidia climbs to Wall Street’s mountaintop as indexes edge up to more records
NEW YORK (AP) — The staggering run for Nvidia’s stock carried it to the market’s mountaintop Tuesday, as it became the most valuable company on Wall Street. Stock indexes, meanwhile, ticked to more…

Table of Contents

Nvidia becomes the most valuable company on Wall Street, as stock indexes continue to rise. The S&P 500 and Nasdaq composite set new records, while the Dow Jones Industrial Average added 56 points. Nvidia's stock rose 3.5% and its total market value is now above $3 trillion. The company's success is attributed to its role in the artificial intelligence tech surge. Meanwhile, Treasury yields fell after a report showed sales at U.S. retailers returned to growth last month. The Federal Reserve is expected to cut rates at least twice this year. The S&P 500 rose 13.80 points to 5,487.03, the Dow gained 56.76 to 38,834.86, and the Nasdaq composite edged up by 5.21 to 17,862.23. France’s CAC 40 rose 0.8% for a second straight gain. In Asia, Japan’s Nikkei 225 rose 1%.

Source

Latest