Nvidia helps pull U.S. indexes higher [Los Angeles Times (CA)]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: Los Angeles Times
The Standard & Poor's 500 rose 0.4% after erasing an early drop of 0.7%. The Nasdaq composite also shook off an early loss to turn 1% higher, while the Dow Jones industrial average slipped 0.3%. Nvidia's 4.9% climb accounted for the vast majority of the index's gain. The chip company's stock rallied ahead of its profit report for the latest quarter, which is coming on Wednesday, and vaulted its gain for the year to nearly 197% thanks to the craze around artificial intelligence technology. Activity in the options market suggests Nvidia's profit report may be the most anticipated event on Wall Street for the rest of the year, beating out the upcoming jobs report and even the next meeting of the Federal Reserve on interest rates, according to strategists at Barclays Capital. It's “a testament to the outsized impact of AI, and the apparent resurgence of upside chasing” by smaller-pocketed, everyday investors known as retail traders, according to Barclays' Stefano Pascale and Anshul
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- 11/7/24 - Form 4
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