Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Mixed on Wall Street – Nvidia sets new record

The US stock exchanges are starting the trading week slightly down. Chip giant Nvidia is going against the trend and is noting a new record high.

» Published: 21 October 2024

Mixed on Wall Street – Nvidia sets new record
Photo: Peter Morgan/AP/TT

Last week marked the sixth consecutive week with a rising New York stock exchange and ended with record highs for both the Dow Jones industrial index and the broad S&P 500 index.

At Monday's close, the Dow Jones industrial index stood at minus 0.8 percent and the S&P 500 index fell 0.3 percent. Nasdaq's composite index held above water, plus 0.3 percent.

Nvidia performed strongly and rose 4 percent, a new record high for the chip giant after several banks raised their target price for the stock.

Among the losers, the retail chain Target stood out, falling 3.8 percent. The pharmacy chain CVS, which fell over 5 percent on Friday after the news that the CEO would be leaving the company, lost another 2.4 percent.

Later in the week, quarterly figures are expected from major companies such as Tesla, Coca-Cola, and crisis-ridden Boeing. The aircraft manufacturer rose over 3 percent after last week's news that the union would vote on a collective agreement proposal that could end the ongoing major strike.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Major Banks Lower Mortgage Rates
1 MIN READ

Major Banks Lower Mortgage Rates

Major Banks Lower Mortgage Rates
1 MIN READ

Major Banks Lower Mortgage Rates

Central Bank Economist: Central Bank Cuts Interest Rate Too Late
2 MIN READ

Central Bank Economist: Central Bank Cuts Interest Rate Too Late

How You Are Affected by Lowered Interest Rates
2 MIN READ

How You Are Affected by Lowered Interest Rates

The Central Bank doubles down - uncertainty after Trump's victory
2 MIN READ

The Central Bank doubles down - uncertainty after Trump's victory

Inflation upswing does not threaten interest rate cuts
3 MIN READ

Inflation upswing does not threaten interest rate cuts

Stockholm Stock Exchange Rises at Opening
1 MIN READ

Stockholm Stock Exchange Rises at Opening

Most up on Asian stock exchanges
1 MIN READ

Most up on Asian stock exchanges

This is how your wallet can be affected by Trump's victory
2 MIN READ

This is how your wallet can be affected by Trump's victory

Cheerful on Wall Street after Trump win
1 MIN READ

Cheerful on Wall Street after Trump win

Thousand-kronor notes to be picked up when the Central Bank increases the pace
3 MIN READ

Thousand-kronor notes to be picked up when the Central Bank increases the pace

Swish up and running again after disruption
1 MIN READ

Swish up and running again after disruption

Trump's company is soaring on the stock exchange
1 MIN READ

Trump's company is soaring on the stock exchange

Swedish Export Threatened by Trump Victory
2 MIN READ

Swedish Export Threatened by Trump Victory

Sameby's appeal against mining company rejected
1 MIN READ

Sameby's appeal against mining company rejected

Inflation Expectations Fall
1 MIN READ

Inflation Expectations Fall

Better than expected for Novo Nordisk
1 MIN READ

Better than expected for Novo Nordisk

No "Trump Effect" on the Stockholm Stock Exchange
1 MIN READ

No "Trump Effect" on the Stockholm Stock Exchange

Stock Market Euphoria as Trump Heads for Victory
2 MIN READ

Stock Market Euphoria as Trump Heads for Victory

Rush on the Tokyo Stock Exchange after the election night
1 MIN READ

Rush on the Tokyo Stock Exchange after the election night