Stock market today: Stocks wobble as S&P 500, Nasdaq try to build on records
What was the percentage increase of the S&P 500?
The S&P 500 rose by 0.1% during the recent trading session, with the tech-heavy Nasdaq Composite climbing 0.3%. This comes as investors await key inflation data this week and earnings season kicks off again with JPMorgan Chase & Co. and Wells Fargo reporting quarterly results on Friday.
How much did the Nasdaq Composite climb by?
The Nasdaq Composite climbed by 0.3% on the day, with chip stocks such as Nvidia, AMD, and Intel contributing to the gains. This increase allowed the index to notch a fresh record.
What event influenced the S&P and Nasdaq's record highs?
The S&P 500 and Nasdaq's record highs were influenced by chip stocks' strong performance, with Nvidia, AMD, and Intel closing higher. This came amid growing market optimism about artificial intelligence and its potential impact on various sectors, including manufacturing, construction, and journalism.