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<US>3 Major US Stock Indices Break Ceilings; DJIA Closes Up 124 Pts, Nasdaq Gains 0.9%
The market absorbed the Fed's decision to cut interest rates for the first time this year and plans for two more rate cuts within the year. Three major US stock indices opened ...
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<US>3 Major US Stock Indices Break Ceilings; DJIA Closes Up 124 Pts, Nasdaq Gains 0.9%
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The market absorbed the Fed's decision to cut interest rates for the first time this year and plans for two more rate cuts within the year. Three major US stock indices opened higher and continued to rise, reaching new historical highs on Thursday.

Boosted by a significant investment from Nvidia (NVDA.US)      , Intel (INTC.US)      rocketed over 20%. The Nasdaq closed up 209 points or 0.9% at 22,470, while the S&P 500 added 31 points or 0.5% to close at 6,631. The DJIA closed up 124 points or 0.3% at 46,142.

Related NewsBuilding Permits MoM Prel for Aug in United States is -3.7%, lower than the previous value of -2.2%.
Intel snowballed as much as 30%, and leapfrogged 22.8% at close, after receiving a US$5 billion investment from Nvidia to jointly develop data center and PC chips. Nvidia also mounted 3.5%.

Other heavy-weighting techs weakened, with Tesla (TSLA.US)      waning 2.1%. Apple (AAPL.US)      dropped 0.5%, while Amazon.com (AMZN.US)      ebbed 0.2%. Meta (META.US)      ticked up 0.6%.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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