Unstable US stock market ends on a plus

» Published:

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

Share this article

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.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Weakening Dollar: Key Considerations for Investors

Weakening Dollar: Key Considerations for Investors

Asian Stock Markets Rise Following Trump's Trade Talks Update

Asian Stock Markets Rise Following Trump's Trade Talks Update

Federal Reserve Member Lisa Cook Allowed to Stay by Appellate Court

Federal Reserve Member Lisa Cook Allowed to Stay by Appellate Court

Tesla Stock Surges 3.6 Percent Boosting Wall Street Indexes

Tesla Stock Surges 3.6 Percent Boosting Wall Street Indexes

Trump Proposes Ending Quarterly Reports for Wall Street Companies

Trump Proposes Ending Quarterly Reports for Wall Street Companies

EU Regulators Seek Stricter Crypto Supervision by ESMA

EU Regulators Seek Stricter Crypto Supervision by ESMA

Elon Musk Buys $1 Billion in Tesla Shares, Boosting Stock by 7%

Elon Musk Buys $1 Billion in Tesla Shares, Boosting Stock by 7%

China Investigates Nvidia for Competition Law Violations

China Investigates Nvidia for Competition Law Violations

USA and China Agree on Tiktok Deal Framework

USA and China Agree on Tiktok Deal Framework

Black Soldier Fly Oil and Protein Developed for Animal Feed

Black Soldier Fly Oil and Protein Developed for Animal Feed

Basmati Rice Dispute Stalls EU-India Trade Agreement

Basmati Rice Dispute Stalls EU-India Trade Agreement

Gaming Companies Lead Gains in Slightly Rising Stockholm Stock Market

Gaming Companies Lead Gains in Slightly Rising Stockholm Stock Market

Sweden Construction Costs Rise 0.4% in August Amid Higher Electricity Prices

Sweden Construction Costs Rise 0.4% in August Amid Higher Electricity Prices

Swedes Report Decreased Satisfaction with Banks This Year

Swedes Report Decreased Satisfaction with Banks This Year

Fashion Trade Sales Rise for Third Consecutive Month

Fashion Trade Sales Rise for Third Consecutive Month

Powell's Rate Signal Influences Swedish Households Too

Powell's Rate Signal Influences Swedish Households Too

Asian Markets Rise Despite Weak China Data

Asian Markets Rise Despite Weak China Data

ANZ Bank Faces Record Fines for Bond Deal Misconduct

ANZ Bank Faces Record Fines for Bond Deal Misconduct

Trump Welcomes Foreign Investment and Workforce in the USA

Trump Welcomes Foreign Investment and Workforce in the USA

Government Boosts Support for Sweden's Regional Airports

Government Boosts Support for Sweden's Regional Airports