S&P 500 and Nasdaq 100 hit record highs on Nvidia's strong earnings

From Nasdaq: 2024-05-23 11:39:19

US stock indexes today are mixed, with S&P 500 and Nasdaq 100 reaching record highs, while Dow Jones Industrials hit a 1-week low. Nvidia’s strong earnings boost chip stocks. Q1 earnings beat estimates with a 7.1% y/y increase. 10-year T-note yield climbs on better-than-expected weekly jobless claims, reducing rate cut expectations.

Overseas stock markets show mixed results, with Euro Stoxx 50 up and China’s Shanghai Composite down. Interest rates fluctuate, with T-notes falling after strong jobless claims data. European bond yields vary. ECB reports wage increase in Eurozone. US stock movers include Nvidia, Dell, and News Corp.

Earnings reports for BJ’s Wholesale Club, Deckers Outdoor, Intuit, Medtronic, and others released on 5/23. Stock market news and analysis available on Barchart for investors’ reference.



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