NEW YORK: The Nasdaq ended more than 1% higher and the S&P 500 also rose on Monday (Aug 21), with shares of Nvidia jumping as investors were optimisti...
Traders working on the floor of the New York Stock Exchange during opening bell on Monday, Aug 21, 2023. – AFPpicThe Nasdaq ended more than 1% higher and the S&P 500 also rose on Monday , with shares of Nvidia jumping as investors were optimistic ahead of its earnings this week, and other technology-related stocks gaining.
The yield on 10-year Treasury notes hit highs last seen during the Great Financial Crisis in 2007 as investors looked warily towards a meeting of central bankers who convene on Thursday at Jackson Hole in Wyoming. Federal Reserve chair Jerome Powell is due to speak on Friday. Nvidia rose 8.5%, leading gains among semiconductor stocks, as HSBC raised its price target on the stock to US$780, the second highest on Wall Street.
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