Home » World » Tech stocks defy Nvidia weakness – Dow Jones and S&P 500 head for record highs • news • onvista

Tech stocks defy Nvidia weakness – Dow Jones and S&P 500 head for record highs • news • onvista

The leading index Dow Jones rose by 0.50 percent to 41,298 points. The record high of 41,420 points remains in sight. The broad market S&P 500 rose by 0.54 percent to 5,622 points. Here, too, it is not far from the record high.

Nvidia’s quarterly figures were viewed positively by the market. However, there are still open questions about the production of the next generation of chips. This weighed on the share price, which fell by 3.4 percent.

Salesforce gained 0.5 percent. The SAP competitor had raised its annual targets.

Crowdstrike, an information security and cybersecurity technology company, exceeded expectations with its figures. Shares rose by 4.4 percent.

Shares of computer manufacturer HP Inc rose 4.6 percent after the figures were released.

Meanwhile, in the retail sector, Dollar General fell by a quarter after weak figures and lowered annual targets. They also dragged Dollar Tree down with them, which fell by 6.3 percent. Best Buy, on the other hand, impressed with raised targets, causing the consumer electronics retailer’s shares to jump by 15.8 percent.

The shoe manufacturer Birkenstock did not earn as much as hoped in the third quarter. The outlook was confirmed. But that was not enough for investors, and the share price fell by 14.3 percent.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.