Nvidia shares rose 0.75% on the day the stock first traded following a stock split that delivered 10 new shares for every one held. The company strengthened its technology sector slightly.
Major US indices closed higher despite Apple shares falling 1.91% on the day it announced a partnership with OpenAI, owner of the most popular generative AI platform ChatGPT.
Nvidia shares rose 0.75% on the day the stock first traded following a stock split that delivered 10 new shares for every one held. The company strengthened its technology sector slightly.
The Dow Jones Industrial Average rose 0.18% to 38,868.04 points, and the Standard & Poor's 500 Index gained 0.26% to close at 5,360.79 points. The Nasdaq Composite Technology Index advanced 0.35% to 17,192.53 points. The S&P 500 index maintained the positive dynamics of recent sessions, setting a new record high in the stock market. Meanwhile, the Nasdaq 100 hit all-time highs, driven by Constellation Energy (+8.40%) and CrowdStrike (+7.29%).
All this on a day when the T-Note yield rose three basis points to 4.47%, hovering around monthly highs, awaiting what the Federal Reserve announces on Wednesday. Likewise, the price of a barrel in Texas rose 3.14%, to $77.90. Finally, gold rose 0.08% to $2,326.
Wall Street is awaiting the Federal Reserve meeting on Wednesday, which is the day the Fed will announce whether or not to cut interest rates, in addition to publishing US inflation data.
The outbreak of inflation occurring in the United States of America has led members of the Federal Reserve to rethink their road map for the coming months and erased expectations of seeing a significant reduction in interest rates by the central bank.
Andrea Hargraves is a contributor to Brytfmonline.com, covering a broad range of topics including news, politics, business, technology, sports, entertainment, and lifestyle. She is committed to delivering clear, accurate, and reader-focused reporting that helps audiences stay informed about current events and emerging developments. Andrea’s work emphasizes useful information, balanced coverage, and stories that matter to everyday readers, making complex topics accessible and relevant to a wide audience.