Summary
The U.S. stock market rose significantly on Thursday, led by strong financial results from Nvidia, which boosted confidence in AI-related stocks. A jobs report suggested a mixed economic outlook, maintaining hopes that the Federal Reserve could lower interest rates. Major stock indexes such as the S&P 500, Dow Jones, and Nasdaq saw notable increases.
Key Facts
- The S&P 500 index increased by 1.7%, moving closer to its all-time high.
- Nvidia's stock rose 3.9% after announcing higher-than-expected profits and future revenue forecasts.
- Other AI-related stocks like Palantir and Oracle also saw gains following Nvidia's report.
- The U.S. jobs report showed stronger hiring but a slight increase in the unemployment rate.
- Traders now see a 42% chance of the Fed cutting interest rates next month, up from 30% the day before.
- Walmart's stock rose 3.3% after reporting strong sales and profits, surpassing expectations.
- Major global stock indexes in Europe and Asia also reported gains.
