The stock market rallied on Thursday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq all hitting new highs. Nvidia, known for its artificial intelligence technology, also saw its stock rise to record levels today.
In morning trading, the Dow increased by 0.5%, the S&P 500 went up by 0.3%, and the Nasdaq rose by 0.1%. The Invesco QQQ Trust (QQQ) ETF and the SPDR S&P 500 ETF (SPY) were also up by 0.1% and 0.4% respectively.
The 10-year Treasury yield remained stable at 4.32%, while oil prices dropped slightly to around $77.60 a barrel. Key earnings reports from companies like Booking (BKNG), Carvana (CVNA), Intuit (INTU), MercadoLibre (MELI), and Block (SQ) were released this morning.
Despite some stock fluctuations, the market remains optimistic. Keep an eye on leading stocks like Birkenstock (BIRK), Lennar (LEN), and Toll Brothers (TOL), as well as Dow Jones components like Procter & Gamble (PG) and Walmart (WMT) for potential investment opportunities.
