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Unstable US stock market ends on a plus

» Published: 21 November 2024

Unstable US stock market ends on a plus
Photo: Richard Drew/AP/TT

The US stock market rose on Thursday after a shaky start. Much of the focus was on the Nvidia share after Wednesday's quarterly report, where the company reported a higher profit and sales than expected and a forecast above average for the fourth quarter. The share ultimately rose by 0.5 percent.

The banking sector contributed to the rise, including investment bank Goldman Sachs, up 2.4 percent. Wells Fargo and Bank of America rose by 1.7 percent and 0.9 percent, respectively.

Among the losers was Google's parent company Alphabet, after the US Department of Justice demanded that the tech giant be forced to sell its Chrome web browser. The share fell by 4.6 percent.

Several other major tech giants followed in the decline. Amazon and Facebook owner Meta fell by 2.2 percent and 0.4 percent, respectively.

The broad S&P 500 index closed up 0.5 percent, the Dow Jones industrial index rose 1.1 percent, while the tech-heavy Nasdaq composite index ended unchanged.

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By TTThis article has been altered and translated by Sweden Herald

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