2024-08-30 14:56:34
Wall Street’s major indexes edged higher in early trading today. Technology stocks were the best performer despite a sell-off in Nvidia, which reported record revenue for the quarter to the end of July, but also presented forecasts for the next third quarter that slightly disappointed and fell short of analysts’ expectations. , reported CBS.
The Dow Jones industrial average added 46.04 points, or 0.11 percent, to 41,137.46.
The broader Standard & Poor’s 500 rose by 21.89 points, or 0.39 percent, to 5,614.07 points, BTA writes.
The tech-heavy Nasdaq gained 160.59 points, or 0.91 percent, to 17,716.61. Nvidia shares fell about 2 percent after the company released its latest quarterly report. Shares of software developer Salesforce rose nearly 2 percent, however, as the company beat expectations for second-quarter financial results and raised its full-year 2024 profit forecast.