The U.S. stock market is rallying after it seemed to successfully pass a couple of crucial tests. Not only did Nvidia provide another blockbuster profit report that suggested AI superstar stocks can keep rising, a mixed report on the U.S. jobs market Tuesday also kept alive hopes for more cuts to interest rates by the Federal Reserve. The S&P 500 rose 1.7% Thursday and pulled closer to its all-time high set almost a month ago. The Dow Jones Industrial Average climbed 581 points, and the Nasdaq composite jumped 2.2%. Walmart also rose after delivering better-than-expected results.
Computer chipmaker Nvidia is poised to release a quarterly earnings report that is expected to either deepen a recent downturn in the stock market or prompt an ebullient sigh of relief among investors increasingly worried the world’s most valuable company is perched upon an artificial intelligence bubble about to burst.
U.S. stocks rose again to close out their winning week. The S&P 500 climbed 0.7% Friday for a fifth straight gain and pulled within 3% of its record set in February.
The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.
U.S. stocks are sinking as AI mania on Wall Street loses more steam and as more companies scrub their forecasts for upcoming profits because of uncertainty created by President Donald Trump’s tariffs.
Stocks are rallying on Wall Street following a stronger-than-expected report on the U.S. job market. The S&P 500 climbed 1.6% in afternoon trading Friday, putting the index on track for a ninth straight day of gains. The Dow Jones Industrial Average added 582 points, or 1.4%, and the Nasdaq composite was up 1.8%. Employers added 177,000 jobs in April, more than forecast. However the latest job figures don't yet reflect the effects on the economy of President Donald Trump’s across-the-board tariffs against America's trading partners. Treasury yields rose in the bond market.
Microsoft and Meta Platforms are driving Wall Street higher on Thursday after reporting profits for the start of the year that were even bigger than analy
