Nvidia, stock market and Dow Rallies
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Black Friday, Thanksgiving and Stock Market
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Major stock indexes rose for a fourth straight session, boosted by expectations for interest-rate cuts and renewed enthusiasm for the AI trade. Nasdaq rose 0.8%, and the S&P 500 gained 0.7%.
The U.S. stock market rallied. The S&P 500 climbed 1.5% Monday for one of its best days since the summer and added to its jump from Friday, finding some strength following a shaky few weeks.
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U.S. Stock Futures Rise on Rate-Cut Expectations
U.S. stock futures moved higher on Wednesday morning amid growing hopes of an interest rate cut in December. Futures on the Nasdaq 100 (NDX), the
It's Thanksgiving Day, a federal holiday when some people are off work. Does that mean the stock market is open? Here are the NYSE trading hours.
NEW YORK (AP) — The U.S. stock market sank Monday as Nvidia and other superstars created by the frenzy around artificial-intelligence technology dimmed some more. The S&P 500 fell 0.9% and pulled further from its all-time high set late last month. The Dow Jones Industrial Average dropped 557 points, or 1.2%, and the Nasdaq composite sank 0.8%.
Alarm bells are ringing for analysts who study chart patterns in the US stock market, fueling concern that the latest dip could swell into a full-blown correction of at least 10%.
The Japanese government reportedly plans to issue 11 trillion yen ($70.5 billion) in new bonds to fund its economic package. Tech-related stocks advanced, with SoftBank Group jumping 3.6% and Kioxia Holdings up 7.9% following a nearly 15% rout the day before.
U.S. stocks rose for a fourth straight day, led by solid gains for technology companies. The S&P 500 rose 0.7% Wednesday and the tech-heavy Nasdaq gained 0.8%.
US stock markets are likely nearing the end of the recent selloff, according to Morgan Stanley strategist Michael Wilson, who reiterated his bullish outlook for next year.