Stock Market Today: Dow Jones futures rose Thursday after initial jobless claims. Nvidia stock soared to record highs on strong earnings.
(Bloomberg) -- Stocks climbed around the globe after Nvidia Corp.’s robust outlook reinvigorated the artificial-intelligence mania that drove equities to a bull market. Treasury yields rose after jobless claims fell to a one-month low.Most Read from BloombergNvidia Set for Biggest Gain in Nine Months as AI Drives SalesBiden Touts $1.2 Billion in Student Loan Relief With Eye to 2024China Tightens Grip on Stocks With Net Sale Ban at Open, CloseYour 401(k) Will Be Gone Within a DecadeShe Was Set to
Stocks bulls were on a supercharged stampede on Thursday as blockbuster earnings from world's most sought after company Nvidia set off a worldwide wave of record highs, including the first for Japan’s Nikkei since 1989. Europe then set its own fresh peaks, with the regional STOXX 600, Frankfurt and Paris all joining in thanks to 0.6% to 1.3% gains. London's FTSE was a notable laggard due to its lack of tech firepower but Chinese equities had extended their winning run to an eighth straight session overnight and Wall Street's S&P and Nasdaq were expected to rocket at the open following Nvidia's stellar results.