Stock market today: Dow, S&P 500 jump after Nvidia earnings, while Alphabet tumbles
Published On Nov 21, 2024, 4:19 PM
US stocks saw a mixed performance as investors digested Nvidia's strong earnings report, which was overshadowed by Alphabet's stock plunge due to the Department of Justice's proposed breakup of Google. Nvidia, while reporting better-than-expected profits, indicated challenges ahead with revenue growth slowing due to supply chain issues. Meanwhile, jobless claims fell, suggesting a stable job market and influencing Federal Reserve expectations regarding interest rates. Bitcoin approached $100,000 amid optimism for pro-crypto policies from the incoming Trump administration, contributing to its 40% surge since the election.