S&P Gains, Hoping to Shake 4-Day Skid - InvestingChannel

S&P Gains, Hoping to Shake 4-Day Skid

Stocks rose Thursday, with chipmaker Nvidia leading tech gains, while traders assess future potential Federal Reserve moves.

The Dow Jones Industrials raced 139.98 points to begin Thursday’s session at 33,185.07,

The S&P 500 moved ahead, finally, by 25.01 points, to 4,016.06.

The NASDAQ Composite grew 72.18 points to 11,579.25. NASDAQ got a boost from Nvidia, which rose more than 13% on better-than-expected fourth-quarter earnings and revenue.

The moves came after the Federal Reserve released the minutes of its most recent meeting, which concluded Feb. 1, showing that members of the central bank are resolved to keep fighting inflation with rate hikes.

Prices for the 10-year Treasury eked up, lowering yields to 3.91% from Wednesday’s 3.92%. Treasury prices and yields move in opposite directions.

Oil prices recovered $1.68 to $75.63 U.S. a barrel.

Gold prices drooped $9.10 to $1,833.10 U.S. an ounce.

Related posts

Advisors in Focus- January 6, 2021

Gavin Maguire

Advisors in Focus- February 15, 2021

Gavin Maguire

Advisors in Focus- February 22, 2021

Gavin Maguire

Advisors in Focus- February 28, 2021

Gavin Maguire

Advisors in Focus- March 18, 2021

Gavin Maguire

Advisors in Focus- March 21, 2021

Gavin Maguire