The moon mission continues for Nvidia after their GTC conference yesterday with Jenson Huang positive comments. Shares are currently up 4.90% at $210.70. The high price reached $211.63.
The move took market capitalization above $5 trillion. That level comes in at $205.75 (according to CNBC).
A snapshot of the market indices currently shows:
- Dow industrial average up 202 points or 0.42% at 47909
- S&P index up 22.27 points or 0.33% at 6913.
- NASDAQ index up 158 points or 0.67% to 23983
The small-cap Russell 2000 is down -7.57 points or -0.30% at 2499.04.
After the close, Meta, Microsoft, and alphabet will report their earnings. Tomorrow Apple and Amazon will also report..
The Bank of Canada rate decision will be announced at 9:45 AM ET with expectations of a 25 basis point cut. At 10 AM, US pending home sales will be released from the National Association of Realtors. The expectations are for a 1% increase after a 4% increase last month. Earlier today, mortgage applications for the current week showed a increase of 7.1%. The 30 year average mortgage rate fell to 6.3% from 6.37% last week.
