NVIDIA Corporation (NASDAQ:NVDA) was bouncing about 3.5% on Thursday, in tandem with the S&P 500, which was surging almost 2% higher off Wednesday’s closing price and almost 5% off Thursday’s open.
The Labor Department reported an 8.2% year-over-year increase in the consumer price index for September, which caused many stocks to gap down Thursday. However, bearish volume came into the S&P 500 intraday, causing the market to spike higher.
