The S&P 500 and Nasdaq closed at record highs on Tuesday as Nvidia extended its surge to new peaks, while the Dow was barely changed in pre-holiday trading following softer-than-expected U.S. retail sales data.
Nvidia (NVDA.O), overtook Microsoft (MSFT.O), opens new tab to become the world’s most valuable company.
Other chip stocks, including Qualcomm (QCOM.O), Arm Holdings and Micron (MU.O), opens new tab, also extended their recent rallies, boosting the Philadelphia SE Semiconductor index (.SOX), to a record high.
Retail sales rose 0.1% in May, versus the 0.3% growth forecast by economists polled by Reuters, while another report showed surprisingly strong May industrial production and manufacturing output.
According to preliminary data, the S&P 500 (.SPX), gained 14.23 points, or 0.25%, to end at 5,487.46 points, while the Nasdaq Composite (.IXIC), gained 9.09 points, or 0.05%, to 17,862.23. The Dow Jones Industrial Average (.DJI), rose 54.07 points, or 0.15%, to 38,832.17.
Sumber : kp-press.com
