Dow Jones Surges on Unexpected Jobless Claims Drop; Nvidia Jumps 15%

Major stock indexes surged on Thursday, driven by strong earnings from chip maker Nvidia. The Dow Jones Industrial Average rose by 0.7%, while the S&P 500 increased by 1.65% and the Nasdaq composite jumped by 2.5%. The Nasdaq 100 tracker Invesco QQQ Trust (QQQ) ETF was up 2%, with the SPDR S&P 500 ETF (SPY) moving up by 1.4%. Jobless claims unexpectedly fell to 201,000, and manufacturing and services indexes showed mixed results. Nvidia’s stock skyrocketed by 15.5% after beating Wall Street’s targets, and other key companies like Dutch Bros and Etsy also made notable movements. The Dow Jones Industrial Average and the S&P 500 reversed slightly higher on Wednesday, with the Nasdaq composite ending the session down 0.3%. Procter & Gamble and Walmart were among the top stocks to watch, with Walmart bouncing back after recent gains. Birkenstock, Lennar, and Toll Brothers were also worth noting for their market performance. Tesla stock declined, while Apple and Microsoft saw gains. It is crucial to stay updated with the latest market trends and adjust accordingly.