Nvidia Drives Tech Stocks Higher and Outweigh Debt-Ceiling Concerns
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Barchart
Barchart
What you need to know… The S&P 500 Index ($SPX) (SPY) Thursday closed up +0.88%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.46%. Stock indexes Wednesday settled mixed, with the Nasdaq 100 rallying sharply to a 13-month high and the Dow Jones Industrials falling to a 1-3/4 month low. A +24% surge in Nvidia led technology stocks higher after it reported better-than-expected Q1 revenue and forecast stronger-than-expected Q2 revenue. Intel fell more than -5% and kept the Dow Jones Industrials in negative territory. A resolu…