The tech-heavy Nasdaq Composite jumped in early trade, rising around 1.5%, whereas the S&P 500 and Dow Jones Industrial Average also recorded notable upticks. The positive start for the Wall Street comes ahead of the third quarter earnings of Nvidia, scheduled to be released on Wednesday.
At 10:06 am (local time), the Nasdaq Composite was up 1.47%, or 329 points, at 22,751.89. The S&P 500 rose 0.85% or nearly 57 points at 6,670, whereas Dow Jones s was 0.24%, or 108 points, at 46,200.54.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Nvidia's stock was up 3.2%, trading at $187.16. Analysts are estimating more than 56% year-on-year rise in revenue to $54.92 billion for the August-October quarter. While the jump seems significant, it is still far off from the triple-digit growth the company registered for many preceding quarters.
Others in the Magnificent Seven, namely Google parent Alphabet Inc., Microsoft Corp., Apple Inc., Meta Platforms Inc., Amazon.com Inc., and Tesla Inc. traded mixed after the market opened.
While Alphabet's stock surged nearly 6% to trade at $301.05 as of 9:50 a.m. (local time), shares of Meta, Amazon, and Microsoft edged lower by 1.04%, 1.56% and 0.22%, respectively.
Tesla and Apple were part of the gainer's team after they rose 1.14% to $405 and 1.02% to $270.13, respectively.
After the US markets opened, spot gold advanced 1.39% to trade at $4,124.05 an ounce, while on the flip side, crude oil prices declined with the West Texas Intermediate trading nearly 3% lower at $58.89 a barrel.
Global benchmark Brent Crude was also in the red and traded 2.73% lower at $63.12.
In the currency market, the Bloomberg Dollar Spot Index rose 0.2% while the euro fell 0.2% to $1.1560. The British pound fell 0.3% to $1.3109 and the Japanese yen fell 0.6% to 156.46 per dollar
Bitcoin, the largest traded cryptocurrency, fell 0.7% to $91,780.35.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.