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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. The S&P 500 climbed 0.38% to end at 4,514.87 points. Of the 11 S&P 500 sector indexes, nine rose, led by information technology (.SPLRCT), up 0.83%, followed by a 0.51% gain in energy (.SPNY). Advancing issues outnumbered falling ones within the S&P 500 (.AD.SPX) by a 1.9-to-one ratio. The S&P 500 posted 24 new highs and one new low; the Nasdaq recorded 70 new highs and 76 new lows.

Persons: Brendan McDermid, Rob Haworth, Haworth, Brown, Forman, BFb.N, Jack Daniels, Shristi Achar, Noel Randewich, Savio D'Souza, Vinay Dwivedi, Richard Chang Organizations: New York Stock Exchange, REUTERS, Visa, Mastercard, Nasdaq, Dow, U.S, Bank Wealth Management, Nvidia, HP Inc, Traders, Treasury, Dow Jones, Investors, Monday's U.S, Labor, Thomson Locations: New York City, U.S, Monday's, Bengaluru, Oakland, Calif

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. The ADP National Employment report showed private payrolls increased by 177,000 jobs in August, compared with estimates of 195,000, signaling a softening labor market. "The most recent data really shows that the economy is not overheating and it keeps this sort of Goldilocks hopes alive. Ten of the 11 major S&P 500 sectors rose, with information technology (.SPLRCT) and energy (.SPNY) leading gains, up 0.8% and 0.7%, respectively. Advancing issues outnumbered decliners by a 2.19-to-1 ratio on the NYSE and by a 1.44-to-1 ratio on the Nasdaq.

Persons: Brendan McDermid, David Russell, Dow Jones, Brown, Forman, BFb.N, Jack Daniels, Shristi Achar, Savio D'Souza, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Visa, Mastercard, Dow, Nasdaq, HP Inc, Traders, Treasury, Apple, Netflix, Investors, Labor, Dow Jones, Vaalco Energy, NYSE, Thomson Locations: New York City, U.S, Gabon, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. ET and is expected to show that private payrolls increased by 195,000 jobs in August after rising by 324,000 in July. Wall Street ended sharply higher on Tuesday after a drop in monthly job openings raised hopes the U.S. Federal Reserve could pause interest rate hikes, sending megacap growth stocks higher. ET, Dow e-minis were up 5 points, or 0.01%, S&P 500 e-minis were down 4 points, or 0.09%, and Nasdaq 100 e-minis were down 27.75 points, or 0.18%. Rite Aid (RAD.N) dropped 3.7% after S&P Global Ratings downgraded the drug retailer due to increased risk from restructuring.

Persons: Brendan McDermid, Susannah Streeter, Hargreaves Lansdown, Alibaba, Gina Raimondo, Bernstein, Shristi Achar, Savio D'Souza, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Global, Dow, Nasdaq, Hargreaves, U.S . Federal, Traders, Treasury, PDD Holdings, Baidu, Beijing . U.S . Commerce, Dow e, HP Inc, Rite, Texas, Thomson Locations: New York City, U.S, Washington, Beijing . U.S, China, Bengaluru

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. The S&P 500 and Nasdaq touched their highest in over two weeks during the session after the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) showed the number of job openings stood at 8.827 million in July, falling for the third straight month and signaling easing labor market pressures. Interest rate futures signaled an 87% chance the Fed will keep rates steady at its September meeting and a 54% chance it will keep rates on hold through November, according the CME Group's FedWatch tool. "Investors are of the mindset that 'You know what, maybe interest rate hikes are indeed behind us. According to preliminary data, the S&P 500 (.SPX) gained 64.39 points, or 1.45%, to end at 4,497.70 points, while the Nasdaq Composite (.IXIC) gained 239.36 points, or 1.74%, to 13,943.37.

Persons: Carlo Allegri, Elliott, let's, Sam Stovall, Jerome Powell's, drugmaker, Shristi Achar, Noel Randewich, Shounak Dasgupta, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Tesla, Nvidia, U.S . Federal Reserve, Nasdaq, Labor, CFRA Research, Dow Jones, Apple, Google, Elliott Investment Management, Verizon, Citi, PDD Holdings, Thomson Locations: New York, United States, U.S, Bengaluru, Oakland, Calif

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. Of the 11 S&P 500 sector indexes, 11 rose, led by communication services (.SPLRCL), up 2.22%, followed by a 2.1% gain in information technology (.SPLRCT). The S&P 500 was up 1.30% at 4,491.03 points. Advancing issues outnumbered falling ones within the S&P 500 (.AD.SPX) by a 7.6-to-one ratio. The S&P 500 posted 17 new highs and two new lows; the Nasdaq recorded 43 new highs and 100 new lows.

Persons: Carlo Allegri, Elliott, let's, Sam Stovall, Jerome Powell's, drugmaker, Shristi Achar, Noel Randewich, Shounak Dasgupta, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Nasdaq, Dow, Wall, Tesla, Nvidia, U.S . Federal Reserve, Labor, CFRA Research, Google, Elliott Investment Management, Dow Jones, Verizon, Citi, PDD Holdings, Thomson Locations: New York, United States, Bengaluru, Oakland, Calif

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. The Labor Department's Job Openings and Labor Turnover Survey (JOLTS), showed the number of job openings stood at 8.827 million in July, falling for the third straight month and signaling easing labor market pressures. The S&P 500 communication services sector (.SPLRCL) rose 2.6%, while consumer discretionary (.SPLRCD) and technology (.SPLRCT) stocks gained 1.9% each. The non-farm payrolls report on Friday will offer investors more clarity about the state of the labor market. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Allegri, Elliott, Hogan, Jerome Powell's, drugmaker, decliners, Shristi Achar, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, U.S . Federal Reserve, Labor, Conference Board, Riley, Microsoft, Nvidia, Google, Elliott Investment Management, Dow Jones, Verizon, Citi, PDD Holdings, NYSE, Thomson Locations: New York, United States, Bengaluru

People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. Focus now shifts to a report on the personal consumption expenditures price index, the Fed's preferred inflation gauge, to be released on Thursday, and non-farm payrolls data due on Friday. According to preliminary data, the S&P 500 (.SPX) gained 27.49 points, or 0.62%, to end at 4,433.20 points, while the Nasdaq Composite (.IXIC) gained 114.49 points, or 0.84%, to 13,705.13. Micron's and Intel's shares gained for much of the session. Horizon's shares rose.

Persons: Brendan McDermid, Goldman Sachs, Jerome Powell, Powell didn't, Ross Mayfield, Gina Raimondo, Wang Wentao, Shristi Achar, Noel Randewich, Shounak Dasgupta, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Investment, Baird, Nvidia, Creative Planning, Nasdaq, Dow Jones, JD.com, Baidu, U.S . Commerce, Intel, Micron, Chinese Commerce, U.S . Federal Trade Commission, Horizon Therapeutics, Thomson Locations: New York City, U.S, China, Bengaluru, Oakland, Calif

People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. Horizon's shares rose 5.5%. Advancing issues outnumbered decliners for a 3.82-to-1 ratio on the NYSE and a 1.78-to-1 ratio on the Nasdaq. The S&P index recorded seven new 52-week highs and no new low, while the Nasdaq recorded 43 new highs and 101 new lows. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Stocks, Jerome Powell, Roosevelt Bowman, Gina Raimondo, Wang Wentao, Goldman Sachs, decliners, Shristi Achar, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Bernstein Private Wealth Management, Traders, Fed, Nvidia, U.S, Baidu, U.S . Commerce, Intel, Micron, Chinese Commerce, Intel's, Dow Jones, U.S . Federal Trade Commission, Horizon Therapeutics, Creative Planning, NYSE, Thomson Locations: New York City, U.S, China, Bengaluru

People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. Focus now shifts to a report on the personal consumption expenditures price index, the Fed's preferred inflation gauge, which is set to be released on Thursday and the non-farm payrolls data due on Friday. ET, Dow e-minis were up 74 points, or 0.22%, S&P 500 e-minis were up 6.5 points, or 0.15%, and Nasdaq 100 e-minis were up 41.5 points, or 0.28%. Horizon Therapeutics' shares rose 5.2%. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Stocks, Jerome Powell, Mark Haefele, Powell's Jackson, Shristi Achar, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Fed, UBS Global Wealth Management, U.S, PDD Holdings, Baidu, Dow e, U.S . Federal Trade Commission, Horizon Therapeutics, Therapeutics, Thomson Locations: New York City, U.S, China, Xpeng, Bengaluru

People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. The S&P 500 communication services (.SPLRCL) and technology (.SPLRCT) sectors led gains among the 11 major S&P sub-indexes, rising 1.2% and 0.8% respectively. Horizon's shares rose 5.8%. Advancing issues outnumbered decliners for a 5.47-to-1 ratio on the NYSE and a 2.95-to-1 ratio on the Nasdaq. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Stocks, Jerome Powell, Peter Andersen, Gina Raimondo, Wang Wentao, decliners, Shristi Achar, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Microsoft, Andersen Capital Management, Traders, U.S, PDD Holdings, Baidu, U.S . Commerce, Intel, Micron, Chinese Commerce, Intel's, Dow Jones, Xpeng, U.S . Federal Trade Commission, Horizon Therapeutics, NYSE, Thomson Locations: New York City, U.S, China, Bengaluru

☆ Indexes end higher in volatile trade as investors assess Powell speech
▼ + stars: | 2023-08-25 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Powell also acknowledged that price pressures have eased in his much-anticipated morning speech at the Economic Policy Symposium at Jackson Hole, Wyoming. Powell "is demonstrating that he is pleased with how far monetary policy has come and how inflation has been reduced. All of the major S&P 500 sectors rose, with consumer discretionary (.SPLRCD), technology (.SPLRCT) and energy (.SPNY) among the top gainers. Reuters GraphicsThe S&P 500 and Nasdaq also ended higher for the week, with the Nasdaq rising about 2.3% and ending a three-week streak of losses. The S&P 500 posted 6 new 52-week highs and 7 new lows; the Nasdaq Composite recorded 23 new highs and 202 new lows.

Persons: Jerome Powell, Powell, Michael Arone, Brendan McDermid, Nordstrom, Caroline Valetkevitch, Amruta Khandekar, Lewis Krauskopf, Shinjini Ganguli, Deepa Babington Organizations: Marvell Technology, Nordstrom, Dow, Nasdaq, Federal, State Street Global Advisors, Dow Jones, Reuters, Traders, New York Stock Exchange, REUTERS, Hostess Brands, Hawaiian Electric Industries, NYSE, Thomson Locations: U.S, , Wyoming, Boston, New York City, Hawaii, Maui

☆ Indexes end higher in volatile trade as investors take in Powell speech
▼ + stars: | 2023-08-25 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Powell also acknowledged that price pressures have eased in his much-anticipated morning speech at the Economic Policy Symposium at Jackson Hole, Wyoming. According to preliminary data, the S&P 500 (.SPX) gained 29.01 points, or 0.66%, to end at 4,405.32 points, while the Nasdaq Composite (.IXIC) gained 125.16 points, or 0.93%, to 13,589.13. All of the major S&P 500 sectors ended higher, with energy (.SPNY), consumer discretionary (.SPLRCD) and technology (.SPLRCT) among the top gainers. The S&P 500 and Nasdaq also ended higher for the week, with the market gaining in the run up to Nvidia's (NVDA.O) second-quarter results.

Persons: Brendan McDermid, Jerome Powell, Powell, Michael Arone, Nordstrom, Amruta Khandekar, Lewis Krauskopf, Shinjini Ganguli, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Marvell Technology, Nordstrom, Federal, Nasdaq, Dow Jones, State Street Global Advisors, Hostess Brands, Reuters, Thomson Locations: New York City, U.S, , Wyoming, Boston, Hawaii, Maui, New York

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSummaryCompanies Indexes up: Dow 0.24%, S&P 0.38%, Nasdaq 0.63%Aug 25 (Reuters) - U.S. stocks extended gains on Friday after comments from Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium were perceived to be less hawkish than expected. The Fed may need to raise interest rates further to ensure inflation is contained, Powell said at the conference, which is also attended by other top global central bankers. "My hunch is that he is being seen as not as hawkish as had been feared." Reporting by Amruta Khandekar and Shristi Achar A; additional reporting by Bansari Mayur Kamdar; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Jerome Powell, Powell, Stuart Cole, Amruta Khandekar, Bansari Mayur, Shinjini Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal, CPI, Equiti, Traders, Dow Jones, Thomson Locations: New York City, U.S, London

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSummaryCompanies Jerome Powell to speak at 10:05 a.m. Powell is scheduled to deliver a keynote speech at 10:05 a.m. "While Powell is unlikely to be anywhere near as hawkish as he was last year, he won't want to declare victory either." ET, Dow e-minis were up 106 points, or 0.31%, S&P 500 e-minis were up 10 points, or 0.23%, and Nasdaq 100 e-minis were up 5 points, or 0.03%.

Persons: Brendan McDermid, Jerome Powell, Powell, Michael Hewson, Amruta Khandekar, Shinjini Organizations: New York Stock Exchange, REUTERS, Marvell Technology, Dow, Nasdaq, Federal, CMC, Fed, Traders, Nvidia, Microsoft, Dow e, Marvell Technology Inc, Thomson Locations: New York City, U.S, Maui

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. While inflation has come down from its peak, Powell said, it still remains high and policymakers would "proceed carefully" in deciding further interest rate moves. "But he also threatened to drop the hammer again if the economy and job market run too hot. The S&P index recorded two new 52-week highs and seven new lows, while the Nasdaq recorded 12 new highs and 149 new low. Reporting by Amruta Khandekar and Shristi Achar A; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Nordstrom, Jerome Powell's, Powell, David Russell, advancers, Amruta Khandekar, Shinjini Organizations: New York Stock Exchange, REUTERS, Marvell Technology, Dow, Nasdaq, Jackson, Treasury, Fed, Dow Jones, NYSE, Thomson Locations: New York City, U.S, Maui

☆ Major indexes fall 1%, focus shifts to upcoming Powell speech
▼ + stars: | 2023-08-24 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. Shares of Nvidia (NVDA.O) ended barely higher after they hit a record high early in the session. All of the major S&P 500 sectors were down on the day, however, and an index of semiconductors (.SOX) dropped 3.4%. Reuters GraphicsAmong the day's decliners, Dollar Tree (DLTR.O) shares dropped 12.9% after the retailer forecast annual profit largely below estimates. The S&P 500 posted 10 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 35 new highs and 220 new lows.

Persons: Robert Galbraith, Jerome Powell's, Powell's, it's, Jay Powell, Jake Dollarhide, Patrick Harker, Amruta Khandekar, Shreyashi Sanyal, Shristi, Savio D'Souza, Shinjini Ganguli, Deepa Babington Organizations: Nvidia, REUTERS, Dow, Nasdaq, Federal, Longbow, Management, Dow Jones, Treasury, Philadelphia Fed, CNBC, Reuters Graphics, NYSE, Thomson Locations: Santa Clara , California, Jackson Hole , Wyoming, Tulsa , Oklahoma, Bengaluru

☆ Wall St ends down sharply, focus shifts to upcoming Powell speech
▼ + stars: | 2023-08-24 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. All of the major S&P 500 sectors were down on the day, however, and an index of semiconductors (.SOX) also dropped. "As much as investors want to focus on Nvidia and want to focus on tech - and it's been a good year so far - this is still a market that is Fed obsessed. The market had gained along with Nvidia this week ahead of the company's report on hopes that its forecast could extend this year's artificial intelligence tech stock rally. Reuters GraphicsAmong the day's decliners, Dollar Tree (DLTR.O) shares dropped after the retailer forecast annual profit largely below estimates.

Persons: Robert Galbraith, Jerome Powell's, Powell's, it's, Jay Powell, Jake Dollarhide, Patrick Harker, Amruta Khandekar, Shreyashi Sanyal, Shristi, Savio D'Souza, Shinjini Ganguli, Deepa Babington Organizations: Nvidia, REUTERS, Nasdaq, Federal, Dow Jones, Longbow, Management, Treasury, Philadelphia Fed, CNBC, Reuters Graphics, Thomson Locations: Santa Clara , California, Jackson Hole , Wyoming, Tulsa , Oklahoma, Bengaluru

Nvidia's stock rose as high as $502.66, topping a record hit earlier this week, The first trillion-dollar chip maker pared some gains and was last up 0.8%% at $474.6. The technology-heavy Nasdaq Composite (.IXIC), buoyed by Nvidia, rose in early trade before falling by 1.36%. Reuters GraphicsMore than 20 brokerages raised their target price on Nvidia after the earnings. The median analyst price target on the stock has nearly doubled to $600 since May when the company forecast a 50% jump in second-quarter revenue. Short sellers of Nvidia's stock have made $826 million in mark-to-market losses on Thursday, data from analytics firm S3 Partners showed.

Persons: Ann Wang, Michael James, James, Elazar, Tom Plumb, Plumb, Matthew Tuttle, Susan Mathew, Chavi Mehta, Medha Singh, Shreyashi Sanyal, Shristi Achar, Amruta, Noel Randewich, Varun H, Shinjini Ganguli, Sharon Singleton, David Gregorio Our Organizations: REUTERS, Nvidia, Philadelphia Semiconductor, Marvell Technology, Devices Inc, Intel, Nasdaq, Wedbush Securities, Reuters, Elazar Advisors, Rosenblatt Securities, Plumb Funds, Partners, Tuttle Capital Management, Thomson Locations: Taipei, Taiwan, Clara , California, Bengaluru, Chibuike, New York, Oakland , California

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. The reports came ahead of a speech by Fed Chair Jerome Powell at an annual central bank summit in Jackson Hole on Friday that would offer more clues on the direction for the U.S. interest rates. "The Jackson Hole last year was not good for markets. So you've got a little bit of a down shift into a wait-and-see mode to ascertain what Powell is going to sound like this year at Jackson Hole," said Hogan. Advancing issues outnumbered decliners by a 1.29-to-1 ratio on the NYSE and for a 1.29-to-1 ratio on the Nasdaq.

Persons: Robert Galbraith, Jerome Powell's, there's, Hogan, Jerome Powell, Jackson, you've, Powell, Amruta Khandekar, Shreyashi Sanyal, Shristi, Savio D'Souza, Shinjini Organizations: Nvidia, REUTERS, Dow, Nasdaq, Federal, Riley, Microsoft, Apple Inc, Investors, Labor Department, Reuters, Traders, Dow Jones, Boeing, NYSE, Thomson Locations: Santa Clara , California, Jackson, Bengaluru

☆ Nasdaq futures rally as Nvidia's blowout forecast boosts AI stocks
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +3 min

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. Nasdaq 100 e-minis were up 172 points, or 1.13% and S&P 500 e-minis were up 21.75 points, or 0.49% at 5:28 a.m. "It is clear...that AI demand is still outstripping supply," Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note. "Within the tech sector, we think software and internet stocks are best positioned to ride the next wave of the technology cycle and the broadening of AI demand." Splunk Inc (SPLK.O) gained 13.9% after the data analytics software maker forecast third-quarter revenue above market estimates on expectations of AI-related spending.

Persons: Robert Galbraith, Mark Haefele, Jerome Powell, Amruta Khandekar, Shreyashi Sanyal, Savio D'Souza, Shinjini Organizations: Nvidia, REUTERS, Dow, Nasdaq, UBS Global Wealth Management, Microsoft, Palantir Technologies, Micro Devices, Marvell Technology, Semiconductor, Europe's ASM, BE Semiconductor, ASML, Investors, Federal Reserve, U.S, Treasury, Boeing, Splunk Inc, Thomson Locations: Santa Clara , California, United States, Jackson, U.S, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. Traders in the U.S. equity options market are bracing for a larger-than-usual swing in Nvidia shares following the chipmaker's earnings, which are due after markets close on Wednesday. ET, Dow e-minis were up 34 points, or 0.1%, S&P 500 e-minis were up 4.25 points, or 0.1%, and Nasdaq 100 e-minis were up 4.75 points, or 0.03%. Peloton Interactive (PTON.O) shares plunged 27% after the fitness equipment maker forecast first-quarter revenue below estimates. Reporting by Amruta Khandekar and Shristi Achar A; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Foot, Susannah Streeter, Hargreaves Lansdown, Jerome Powell, Roche, Armour, Amruta Khandekar, Shinjini Organizations: New York Stock Exchange, REUTERS, Nvidia, Sports, Dow, Nasdaq, Wall, Hargreaves, Traders, Reuters, Federal Reserve, Treasury, Dow e, Biosciences, Merck & Co, Sport, Nike, Thomson Locations: New York City, U.S, Swiss

☆ Dow, S&P 500 end down as US interest-rate worries mount, bank shares slip
▼ + stars: | 2023-08-22 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +2 min

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. Financials (.SPBK) were the biggest drag on the S&P 500. An S&P downgrade of multiple regional U.S. lenders weighed on bank shares, with both the KBW regional banking index (.KRX) and the S&P 500 banks index (.SPXBK) sharply lower. According to preliminary data, the S&P 500 (.SPX) lost 11.90 points, or 0.27%, to end at 4,387.87 points, while the Nasdaq Composite (.IXIC) gained 10.01 points, or 0.07%, to 13,507.60. Shares of Nvidia hit an all-time high of $481.87 early but were lower on the day.

Persons: Carlo Allegri, Jerome Powell, Peter Tuz, Caroline Valetkevitch, Amruta Khandekar, Shinjini Ganguli, Maju Samuel, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Nvidia, NEW YORK, Dow, Reserve, Nasdaq, Investors, Chase Investment, Treasury, Dow Jones, . Department, Kohl's Corp, Nordstrom Inc, Thomson Locations: New York, U.S, Jackson Hole , Wyoming, Charlottesville , Virginia

☆ Nvidia hits record high as AI boom lifts bets on another strong forecast
▼ + stars: | 2023-08-22 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

The shares eased 1.1% from a record high of $481.87 hit minutes after the market opened, crossing its previous peak of $480.88 on July 14. Reuters GraphicsThe company had in May forecast second-quarter revenue that was more than 50% above expectations. "To keep the stock price where it is, we would want to see bottom line start to support those share gains," said Brian Mulberry, client portfolio manager at Zacks Investment Management, which owns Nvidia shares. Nvidia shares have more than tripled in value so far this year. If Nvidia were to miss (expectations), this market would be in a world of pain," Dick said.

Persons: Ann Wang, Dennis Dick, Brian Mulberry, Goldman Sachs, Dick, Medha Singh, Amruta Khandekar, Anil D'Silva, Arun Koyyur Organizations: REUTERS, Nvidia, Wall, Triple D Trading, Reuters Graphics, Big Tech, Zacks Investment Management, Reuters, Thomson Locations: Taipei, Taiwan, Bengaluru

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. Other big technology and growth stocks also rose, with Tesla (TSLA.O) advancing 3.4% after logging its biggest one-day percentage gain since March on Monday. Macy's (M.N) jumped 4% after the department store chain beat second-quarter sales estimates, while Coty (COTY.N) slipped 2.0% after the perfume and cosmetics maker forecast annual profit below Wall Street expectations. ET, Dow e-minis were up 66 points, or 0.19%, S&P 500 e-minis were up 17.25 points, or 0.39%, and Nasdaq 100 e-minis were up 79 points, or 0.53%. Among other stocks, shares of Zoom Video Communications (ZM.O) rose 2.8% in premarket trading after the video-conferencing platform forecast third-quarter profit above Wall Street estimates.

Persons: Carlo Allegri, Nvidia's, Russ Mould, Jerome Powell's, Lowe's Cos, Amruta Khandekar, Shinjini Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Nvidia, Monday, Bell, Federal, Traders, Coty, Dow e, Zoom Video Communications, Wall, Activision, Microsoft, Ubisoft Entertainment, Thomson Locations: New York, U.S, Jackson

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. The yield on the 10-year Treasury note scaled over 15-year highs after a brief pullback, dragging equities lower. Wall Street had regained some ground on Monday due to a rally in Nvidia and other tech stocks. Shares of Nvidia (NVDA.O) hit an all-time high of $481.87 soon after markets opened but were last down 1.5%. The S&P index recorded one new 52-week highs and 8 new lows, while the Nasdaq recorded 23 new highs and 76 new lows.

Persons: Carlo Allegri, Phil Blancato, Ladenburg, Robert Pavlik, Jerome Powell, Cos, Amruta Khandekar, Shinjini Organizations: New York Stock Exchange, REUTERS, Nvidia, KeyCorp, Comerica, Dow, Nasdaq, Treasury, Asset Management, Federal, Dakota Wealth, Microsoft, Reuters Graphics, Traders, Dow Jones, Nike, Sporting, Activision, Ubisoft Entertainment, NYSE, Thomson Locations: New York, U.S, Fairfield, Jackson

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