US equity close: Strong finish as Nvidia hits $4 trillion

Closing changes:

  • S&P 500 +0.6%
  • Nasdaq +0.9%
  • Russell 2000 +1.0%
  • DJIA +0.5%
  • Toronto TSX Comp +0.3%

It was a big day for technology stocks as Nvidia led the way and reached a $4 trillion market cap — the first time any company has ever done that. After a strong start, US stocks fell nearly flat before steady bids led to a strong close.

Homebuilders, Boeing and Caterpillar were other strong performers in a day that saw both Google and Amazon quickly shake off negative headlines. That kind of resilience is a positive sign going forward but I will be keeping an eye on bitcoin in the day ahead to see if it can touch a new high.

After hours, the WSJ reported on a roughly $3 billion deal to buy the cereal-maker Kellog (KLG) and shares of that company shot 50% higher.

This article was written by Adam Button at www.forexlive.com.

Sunset Market Commentary

Sunset Market Commentary

Markets Hardly any data on the agenda to inspire core markets’ trading today. There were also no new headlines from the likes of the UK or Japan highlighting debt sustainability concerns, allow the a momentum slowdown/pauze in the sell-off of ultra-long bonds. Time maybe for some technicals/nearby barriers to do their job. At 3.06%, the […]

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RBNZ Rate Hold, Copper Volatility, DAX Makes a Move Toward Fresh Highs

RBNZ Rate Hold, Copper Volatility, DAX Makes a Move Toward Fresh Highs

Chinese stocks are set to hit their highest level in three years as investors hope for new steps to fight deflation and boost the economy. Meanwhile, copper prices dropped in London after President Donald Trump issued a new tariff warning. Asian Market Wrap The Shanghai Stock Exchange Composite Index rose 0.4%, reaching its highest level […]

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