FTSE 100 and European markets close high, US stocks tepid, Nvidia leads gains

From Google: 2024-09-01 07:03:38

The FTSE 100 and European markets ended on a high note, with US stocks showing tepid response as Nvidia led gains. Investors remained cautious amid rising inflation concerns and geopolitical tensions. The FTSE 100 closed up 0.6%, while European markets also saw positive gains. Tech stocks like Nvidia helped boost market performance.

US stocks experienced a slower day as investors reacted to mixed economic data and uncertainty over inflation. Nvidia’s strong performance pushed tech stocks higher, but other sectors lagged behind. The S&P 500 and Dow Jones Industrial Average ended the day with modest gains, while the Nasdaq Composite closed slightly lower.

Rising inflation worries and geopolitical tensions continued to weigh on investor sentiment, with concerns over interest rate hikes looming. Market participants are closely monitoring economic data for signs of inflation and its impact on the wider economy. Tech stocks like Nvidia remained in focus, leading gains in the market.

The FTSE 100’s positive performance was driven by gains in energy and mining stocks, offsetting losses in the technology sector. European markets also saw a boost from strong corporate earnings results. Despite geopolitical tensions and inflation concerns, investors remained optimistic about economic recovery prospects. Nvidia’s standout performance helped lift market sentiment.



Read more at Google: FTSE 100 and European markets close on high but US stocks tepid as Nvidia leads gains – Yahoo Finance UK