The stock market rally continued Thursday – though not for all indexes – as investors continued to process yesterday's Federal Reserve decision to taper as well as mixed messages about the economy. The result was a ninth straight day of gains for the Nasdaq Composit
The S&P 500 and Nasdaq rose to record highs on Thursday as chipmaker stocks surged following Qualcomm's strong financial forecast and investors digested the Federal Reserve's decision to start reducing its monthly bond purchases.
Looking at the sectors faring best as of midday Thursday, shares of Technology & Communications companies are outperforming other sectors, higher by 1.0%. Within that group, Etsy Inc (Symbol: ETSY) and NVIDIA Corp (Symbol: NVDA) are two large stocks leading the way, showin
The S&P 500 and Nasdaq rose to record intraday highs on Thursday as chipmaker stocks surged following Qualcomm's strong financial forecast and investors digested the Federal Reserve's decision to start reducing its monthly bond purchases.
The S&P 500 and the Nasdaq hit record highs on Thursday on stellar earnings reports, with investors looking past the Federal Reserve's asset tapering plan as borrowing costs remain low.
What happened
For the sixth day in a row, shares of semiconductors specialist Nvidia (NASDAQ: NVDA) marched higher Thursday -- actually, they kind of ran higher, running up 8.5% through 11:11 a.m. EDT on the back of positive analyst commentary from Wells Fargo.
In trading on Thursday, the Semiconductor ETF is outperforming other ETFs, up about 2.1% on the day. Components of that ETF showing particular strength include shares of Qualcomm, up about 11.2% and shares of Nvidia, up about 8.6% on the day.
In early trading on Thursday, shares of Qualcomm topped the list of the day's best performing components of the Nasdaq 100 index, trading up 12.6%. Year to date, Qualcomm registers a 2.3% gain.
Nvidia (NASDAQ: NVDA) and Palantir (NYSE: PLTR) operate in different sectors, but both tech companies are profiting from the secular expansion of the artificial intelligence (AI) market.
What happened
Shares of Super Micro Computer (NASDAQ: SMCI) were up 13% today as of 12:35 p.m. EDT. The data center and server hardware supplier that bills itself as an energy efficient technologist reported earnings for its first quarter of fiscal 2022 (the three months ended Se
Advanced Micro Devices (NASDAQ: AMD) is looking strong after reporting its fifth straight quarter of 50%-plus growth in Q3. Momentum was once again broad across the business, with notable strength in data centers and gaming.
What happened
Shares of tech giant Nvidia (NASDAQ: NVDA) jumped 23.4% in October, according to data from S&P Global Market Intelligence. Catalysts include the market's overall strength and news from Meta -- social media giant Facebook's (NASDAQ: FB) new corporate name -- that inv
What happened
For the fourth day in a row, shares of semiconductors specialist Nvidia (NASDAQ: NVDA) marched higher Tuesday, rising 2.6% through 12:15 p.m. EDT as bad news about the global semiconductor shortage continues to be interpreted as good news for Nvidia.
Today, November 02, 2021, in the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity.
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