US Equity Indexes Rise Following Nvidia's Q3 Results, Unexpected Drop in Jobless Claims
US equity indexes were higher after midday Thursday as investors weighed tech-giant Nvidia's (NVDA) Q3 results while weekly jobless claims surprisingly declined.
The S&P 500 rose 0.6% to 5,951.2, and the Dow Jones Industrial Average climbed 1.3% to 43,954.5. The Nasdaq Composite was up 0.1% at 18,976.2. All three indexes were off intraday lows.
Energy, industrials, and financials led the gainers intraday. The communication services sector was the standout decliner.
Nvidia reported late Wednesday fiscal Q3 results that topped analysts' estimates. The chipmaker's fiscal Q4 revenue guidance at $37.5 billion plus or minus 2%, straddling the $37.09 billion estimate from analysts surveyed by FactSet, underwhelmed investors. Shares of the company, a technology bellwether and strong contributor to stock market returns in recent quarters, retreated 1.4% intraday.
Source : MT Newswires