Nvidia boosts Wall Street

» Updated: July 16 2024

» Published: June 18 2024

Nvidia boosts Wall Street
Photo: Yuki Iwamura/AP

Share this article

Tuesday's stock market trading was characterised by semiconductor giant Nvidia, which continued its upward trend. The share price rose 3.5 per cent.

Earlier in June, Nvidia became the third company to have a market capitalisation of at least 3,000 billion. And on Tuesday, Nvidia surpassed Microsoft as the world's highest-valued company.

The other two companies that have surpassed this threshold, Apple and Microsoft, had a worse day on the stock market. Apple lost 1.1 per cent, while Microsoft fell back 0.5 per cent.

Otherwise, the price changes were small on the leading indices on the New York Stock Exchange during the day.

The broad S&P 500 index increased 0.3 per cent, the Dow Jones industrial index rose 0.2 per cent, while the technology-heavy Nasdaq composite index closed unchanged.

Yields on government bonds fell after a report showed that retail sales increased last month, but not as much as expected. The yield on 10-year government bonds, for example, fell back to 4.22 per cent.

Tags

TTT
By TTTranslated and adapted by Sweden Herald

More news

Dousa Warns of Risks from Increased US Steel Tariffs
2 MIN READ

Dousa Warns of Risks from Increased US Steel Tariffs

Opec-plus Increases July Oil Production Target
2 MIN READ

Opec-plus Increases July Oil Production Target

Finnair Cancels 50 Flights at Helsinki Airport Due to Strike
1 MIN READ

Finnair Cancels 50 Flights at Helsinki Airport Due to Strike

China's Manufacturing Industry Faces Second Month of Decline
1 MIN READ

China's Manufacturing Industry Faces Second Month of Decline

Germany Proposes 10% Tax on Major Tech Giants
1 MIN READ

Germany Proposes 10% Tax on Major Tech Giants

Trump Proposes Doubling US Steel Import Tariffs to 50 Percent
1 MIN READ

Trump Proposes Doubling US Steel Import Tariffs to 50 Percent

Trump's China Accusation Shakes Stock Market
2 MIN READ

Trump's China Accusation Shakes Stock Market

US Imports See Record 19.8% Drop in April
1 MIN READ

US Imports See Record 19.8% Drop in April

Trump Claims China Breached Agreement; Stock Market Reacts
1 MIN READ

Trump Claims China Breached Agreement; Stock Market Reacts

US Core Inflation Falls to 2.5% in April
1 MIN READ

US Core Inflation Falls to 2.5% in April

Germany Inflation Steady at 2.1% in May
1 MIN READ

Germany Inflation Steady at 2.1% in May

FI Alerts Swedish Consumers to Fraud Attempts
1 MIN READ

FI Alerts Swedish Consumers to Fraud Attempts

Gap Stock Drops 16 Percent Amid Tariff Concerns
1 MIN READ

Gap Stock Drops 16 Percent Amid Tariff Concerns

Readly to Delist from Stock Exchange in June 2025
1 MIN READ

Readly to Delist from Stock Exchange in June 2025

Volvo Cars Credit Rating Outlook Lowered by S&P Global
1 MIN READ

Volvo Cars Credit Rating Outlook Lowered by S&P Global

Vattenfall Invests 630 Million Kronor in Sweden's Largest Hydropower Station
1 MIN READ

Vattenfall Invests 630 Million Kronor in Sweden's Largest Hydropower Station

Spain's Inflation Drops to 1.9 Percent in May, Lowest in Seven Months
1 MIN READ

Spain's Inflation Drops to 1.9 Percent in May, Lowest in Seven Months

German Retail Trade Falls by 1.1 Percent in April
1 MIN READ

German Retail Trade Falls by 1.1 Percent in April

Swedish Economy Shrinks in Q1 2025 Raising Interest Rate Cut Likelihood
2 MIN READ

Swedish Economy Shrinks in Q1 2025 Raising Interest Rate Cut Likelihood

Stock Market Dips While Satellite Company Ovzon Surges 42 Percent
2 MIN READ

Stock Market Dips While Satellite Company Ovzon Surges 42 Percent