Dow, S&P 500 Set Records; Nasdaq Boosted by Tech Surge

The Nasdaq turned in its best session since last February

Deputy Editor
Feb 22, 2024 at 4:33 PM
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Wall Street experienced a blockbuster session on Thursday, snapping a three-day losing streak after Nvidia's earnings boosted not only the tech sector but the broader market as a whole. The S&P 500 and Dow both touched record highs, with the latter surpassing the 39,000 level for the first time ever, while the tech-heavy Nasdaq posted its best one-day percentage gain in 12 months and finished a chip shot away from a record close. 

Continue reading for more on today's market, including:

  • 2 EV stocks that made massive post-earnings moves.
  • Why options bulls aren't scared of this pharma stock's setup.
  • Plus, new SPX indicators; NVDA's sector-wide impact; and shorts targeting ETSY.

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5 Things to Know Today

    1. Today's jobless claims reading may have been exaggerated by delays tied to the President's Day holiday. (MarketWatch)
    2. AT&T (T) experienced a cellular outage earlier today that impacted thousands of users in the U.S. (CNBC)
    3. What to make of these SPX indicators.
    4. The chip stock that shook up the entire sector today.
    5. Etsy stock's short interest is building.

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    Gold Prices Touch 2-Week High Before Falling

    Oil prices rose on the heels of data that showed a fourth consecutive weekly climb in U.S. crude inventories. For the session, April-dated West Texas Intermediate (WTI) crude added 70 cents, or 0.9%, to finish at $78.61 per barrel.

    Gold prices pulled back from their highest mark since Feb. 9 after the dollar firmed on today’s strong jobless claims data. April-dated gold shed $3.60, or 0.2%, to settle at $2,030.70 per ounce.

     

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