The S&P 500 hit a new record closing high during Wednesday’s trading session
Nvidia powered those gains surging more than 5% to top a $3 trillion market valuation and surpass Apple in value. Earlier this week, the company announced its
"If you're designing the perfect momentum company from scratch, Nvidia would be it," New York University finance professor Aswath Damodaran said on CNBC's"" on Wednesday."You got a great story, a CEO who sticks to the story … and you got a market that contributes to the mix. I think that you're seeing one of the great momentum plays of all time playing right in front of you.
Wall Street is looking ahead to Friday's nonfarm payrolls report for May, with investors on the hunt for signs of a weakening labor market, which could support rate cuts from the Federal Reserve.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock futures edge higher after S&P 500 closes above 5,300 for the first time: Live updatesThe major averages popped to fresh closing highs, lifted by a softer-than-anticipated consumer inflation report.
Read more »
2024 Indy 500 Blog: Josef Newgarden wins the 108th Running of the Indianapolis 500Heavy rain Sunday morning caused a delay in the start of the 108th Running of the Indy 500.
Read more »
Dow slides 500 points, S&P 500 retreats from record while Nasdaq hits new heightsSamantha Subin is a digital news associate with CNBC.
Read more »
Stock Market Today: S&P 500, Nasdaq in record high on Nvidia rally, rate-cut betsStock Market Today: S&P 500, Nasdaq in record high on Nvidia rally, rate-cut bets
Read more »
Stock Market Today: S&P 500 slumps as Salesforce leads tech wreck; inflation eyedStock Market Today: S&P 500 slumps as Salesforce leads tech wreck; inflation eyed
Read more »
Stock Market Today: S&P 500 snaps win streak as rising yields steal Nvidia's shineStock Market Today: S&P 500 snaps win streak as rising yields steal Nvidia's shine
Read more »