Wall Street's major averages pushed higher in Thursday's topsy-turvy trade, as investors sorted through quarterly results from some Magnificent 7 tech heavyweights, including Microsoft, and as they continued to assess the Federal Reserve’s outlook on interest rates.
The Nasdaq and other major indices declined following the Federal Reserve’s first meeting of the year, with the tech-heavy index falling 1.1% by the afternoon as investors digested the central bank’s cautious stance on interest rates.
All three major U.S. stock indexes were higher in late-afternoon trade as focused turned away from Wednesday's Federal Reserve meeting and toward corporate earnings on deck. The S&P 500 index was leading the equity gauges higher with a 0.
Nasdaq futures inched higher on Wednesday as chip sector stocks gained after quarterly orders for semiconductor equipment maker ASML exceeded expectations, while investors awaited the Federal Reserve's interest-rate decision later in the day.
Futures tied to the Nasdaq gained on Wednesday as semiconductor-related stocks rose after chip equipment maker ASML's quarterly orders topped estimates, with focus also on a raft of company results and the Federal Reserve's rate verdict later in the day.
U.S. stocks ended higher on Tuesday, with Nvidia and other artificial intelligence-linked technology shares recovering from sharp losses the previous day as investors snapped up bargains. The Nasdaq jumped 2% and AI chip leader Nvidia rose 8.
The Nasdaq and other major indexes rebounded on Tuesday, recovering from the sharp sell-off triggered by DeepSeek’s crash, which had sent AI stocks tumbling. Nvidia, which plunged over 16% on Monday,
U.S. stocks rose on Tuesday, with artificial intelligence-linked and other technology shares bouncing back from sharp losses the previous day as investors snapped up bargains. The Nasdaq led gains. AI chip leader Nvidia added 6.
Meta Platforms and Tesla helped lead most U.S. stocks higher following a rush of profit reports from some of the country’s most influential companies. The S&P 500 climbed 0.5% Thursday. The Dow Jones Industrial Average rose 0.