Tech shares surged, boosting U.S. stock market indexes after a previous decline sparked concerns regarding the sustainability of the current artificial intelligence investment boom.
On Tuesday, the S&P 500 experienced an increase of 0.9%, recovering a significant portion of its earlier losses. The Dow Jones Industrial Average saw a modest rise of 0.3%, while the Nasdaq composite jumped by 2%.
Nvidia, a key player in the AI technology sector, continued to attract attention as its chips contribute significantly to the growth of AI applications. The company’s stock surged nearly 9%. Meanwhile, Treasury yields remained stable ahead of the upcoming Federal Reserve announcement regarding short-term interest rates, with market participants generally anticipating no changes.
The following are the performance details for Tuesday:
The S&P 500 increased by 55.42 points, or 0.9%, reaching 6,067.70.
The Dow Jones Industrial Average saw an upswing of 136.77 points, or 0.3%, closing at 44,850.35.
The Nasdaq composite rose by 391.75 points, or 2%, bringing it to a total of 19,733.59.
Additionally, the Russell 2000 index, which tracks smaller companies, gained 4.84 points, or 0.2%, ending at 2,288.86.
Looking at the week so far:
The S&P 500 has decreased by 33.54 points, or 0.5%.
The Dow is up by 426.10 points, or 1%.
The Nasdaq has fallen by 220.71 points, or 1.1%.
The Russell 2000 index is down by 18.88 points, or 0.8%.
For the year to date:
The S&P 500 has risen by 186.07 points, or 3.2%.
The Dow has gained 2,306.13 points, or 5.4%.
The Nasdaq has added 422.79 points, or 2.2%.
Lastly, the Russell 2000 index is up by 58.70 points, or 2.6%.
Copyright @2024 | USLive | Terms of Service | Privacy Policy | CA Notice of Collection | [privacy-do-not-sell-link]
