🚨Stock Market Today: Nasdaq closes above 17,000 for first time as Nvidia shines 📰🔔
On Tuesday, the Nasdaq closed above 17,000 for the first time, driven by a 7% surge in Nvidia, which now has a market value over $2.5 trillion due to strong AI demand. The Nasdaq rose 0.6%, the S&P 500 edged up 0.1%, while the Dow Jones fell 0.6%.
Apple's stock was flat despite a 52% increase in iPhone shipments in China. U.S. Cellular soared 12% after selling wireless assets to T-Mobile for $4.4 billion. DraftKings and Flutter Entertainment fell sharply after an Illinois sports-betting tax hike. GameStop jumped 25% after raising $933 million from a share offering.
Treasury yields rose as consumer confidence increased in May, leading traders to reduce expectations for a Federal Reserve rate cut in September. Key economic data, including the PCE price index and Fed's Beige Book, are due later this week.
#KVB# #FlashNews# #NASDAQ# #AAPL# #GameStop# #StockMarket# #investment# #trading#
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.