16 Hrs
Source:
Los Angeles Times
Tech stocks drive Wall Street gains
Technology stocks led Wall Street higher after Nvidia and Salesforce reported strong quarterly profits surpassing analyst expectations. Nvidia's shares surged 8.7%, driven by robust demand for AI chips, while Salesforce rose 22.6% following its best quarter in history and increased revenue forecast. Despite gains in some tech companies, broader market trends were mixed, with many stocks within the S&P 500 declining amid economic concerns. The bond market reflected ongoing worries about inflation and a solid labor market, as Treasury yields edged higher.
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