On Thursday, Nvidia’s stock saw a 16% jump, sparking a broad rally throughout the markets. The S&P 500 closed 2.11% higher, while the Nasdaq Composite gained nearly 3%, with both indexes experiencing their best day in over a year. Tech led the way with a 4.35% increase, while other sectors such as industrials and health care also saw significant gains. Quanta Services and Moderna were among the notable winners, with both rising more than 10% in their respective sectors. The only losing sector was utilities, which saw a 0.77% decline.
After the closing bell, several companies were making headlines in extended trading. Intuit shares pulled back roughly 1% after posting revenue of $3.39 billion, slightly in line with analyst expectations. Live Nation Entertainment added about 1% and Booking Holdings fell over 4%, despite reporting earnings and revenue beats. Stock futures were little changed after the S&P 500 and Dow Jones Industrial Average reached record highs, following impressive earnings results from Nvidia. Dow Jones and S&P 500 futures were down just slightly, while Nasdaq 100 futures also experienced a slight pullback.
The overall market performance on Thursday was notable for its broad rally, with tech, industrials, and health care leading the way. Nvidia’s jump was the most eye-catching, but several other sectors also saw significant gains, contributing to a positive day for the major averages. While some companies experienced post-market fluctuations, overall futures were relatively unchanged following the impressive day.
