The Dow soared more than 600 points during Thursday's trading, hitting a one-week high as Wall Street's main indexes turned positive after volatile trading on Thursday.
The blue-chip Dow Jones Industrial Average rose 461.88 points, or 1.1%, to close at 43,870.35, its highest level in a week.
The S&P 500 rose 0.5% and the Nasdaq was flat.
The rise in the Dow Jones Industrial Average was also supported by a 3.1% rise in cloud computing company Salesforce after three securities companies raised their price targets for the company's stock.
Shares in Wall Street's biggest company, Nvidia, rose 0.5% after surging on Wednesday's earnings report. Semiconductor companies reported better-than-expected quarterly results and expected fourth-quarter sales to also exceed expectations.
“[Nvidia’s] The financial report was really, really good. Some Whisper numbers were above that, so while we were disappointed, AI and Nvidia's fundamentals remain strong and the outlook for next year is positive,” said Anthony Sagrimbene, chief market strategist at Ameriprise Financial. Ta.
Some investors didn't like the outlook, which was the lowest in seven quarters.
Alphabet fell 4.6% for the first time in more than two weeks after the Justice Department told a judge that Google should sell its Chrome browser and take other steps to end its monopoly on online search. Low price.
Amazon fell 2.2% after reports that it is likely to face an EU investigation next year into whether it prefers own-label products on online marketplaces.
On the data front, weekly jobless claims unexpectedly fell last week, suggesting a rebound in job growth in November.
Investors will be closely monitoring comments from Fed officials ahead of the FOMC meeting in mid-December.
The paper said the money market view supports the Fed's 25 basis point interest rate cut in December. CME Group FedWatch.
“Now that we’ve moved on a little bit from the election and now we have the Nvidia report, the next thing the market will focus on is the Fed meeting, and some policy speeches from Fed officials this week could mean that there will likely be a pause in policy. “December,'' Sagrimbene said.
According to media reports, Richmond Fed President Tom Barkin said the U.S. is more vulnerable to inflation shocks than in the past.
Chicago Fed President Austan Goolsby said Thursday he supports further rate cuts and is open to lower rates.
Traders also noted that geopolitical tensions between Ukraine and Russia pushed oil prices higher, supporting a 0.8% rise in the energy sector.
Machinery maker Deere Corp.'s stock rose 8.1% after reporting better fourth-quarter earnings, while AI company Snowflake rose 33% to $171.35 after raising its full-year product revenue forecast. It became.
