Wall Street Opens Mixed; Nvidia Shines as EV Makers Weaken; Dow Down 40 Pts -Breaking
Investing.com — The U.S. stock market opened mixed Thursday. They were again affected by uneven earnings reports against the backdrop of steady improvements in the labor markets.
New data from the Philadelphia Reserve showed that 268,000 people remained unchanged last week while their numbers fell to 2.08million, a post-pandemic low. However, the Philadelphia Reserve’s monthly signal sent a clearer message of current activity. It rose well beyond expectations, as companies raced for orders.
The stock was at 35,000 points and down 43 points by 9:40 ET (1440 GMT). However, it was down 0.2% and 0.3% respectively. Chipmakers gained this after Nvidia’s optimistic forecast, which was released after Wednesday’s bell.
Nvidia stock rose more than 10% in the last quarter, thanks to a strong demand for their gaming chips.
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