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New York Stocks: Tech stocks buck Nvidia weakness

The main Dow Jones Industrial index rose 0.50 percent to 41,298.90 points. The high of 41,420 points remains to be seen. The S&P 500 rose across the market by 0.54 percent to 5,622.26 points. Here, too, there is not much left to the upper table.

The market viewed Nvidia’s quarterly figures positively. But there are open questions about making the next generation of chips. This weighed on the share price, which fell 3.4 percent.

Salesforce gained 0.5 percent. Competitor SAP had raised its annual targets.

Crowdstrike, an information security and cybersecurity technology company, exceeded expectations with its numbers. The shares rose 4.4 percent.

According to figures, shares of computer maker HP Inc rose 4.6 percent.

Meanwhile, in the retail industry, Dollar General fell by a quarter after weak numbers and lowered annual targets. They took Dollar Tree with them, which fell 6.3 percent. Best Buy, on the other hand, enjoyed raised targets, which caused the consumer electronics retailer’s shares to jump 15.8 percent.

Shoe maker Birkenstock missed expectations in the third quarter. The view was confirmed. But that wasn’t enough for investors; the price fell 14.3 percent./ajx/jha/

2024-08-29 14:26:00
#York #Stocks #Tech #stocks #buck #Nvidia #weakness

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