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Barchart
Barchart
Rich Asplund

Stocks Settle Higher on Nvidia Earnings and Lower Bond Yields

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The S&P 500 Index ($SPX) (SPY) Thursday closed up +0.40%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.28%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.21%.  June E-mini S&P futures (ESM25) are up +0.31%, and June E-mini Nasdaq futures (NQM25) are up +0.10%. 

Stock indexes on Thursday settled higher, with the S&P 500 posting a 1-week high and the Nasdaq 100 posting a 3-month high. Stocks rose Thursday as Nvidia rallied more than +3% after posting stellar earnings results, and CEO Huang predicted “exponential growth” for the AI computing market.  Stocks also benefited from a court ruling that blocked some of President Trump’s import tariffs.

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