Dow Jones, S&P 500, Nasdaq: "Nvidia keeps the party going. But the music is now playing in Jackson Hole" - Wall Street opens mixed
The markets are taking Nvidia's figures as a positive signal for the chip industry and are buying in. Meanwhile, the important central bank meeting for US monetary policy is getting underway in Jackson Hole.
US stock market indexes opened relatively unchanged on Wednesday, with the Dow Jones at 53,464 points and the S&P 500 at 7,695 points. The Nasdaq, however, rose 0.7% to 26,300 points. Investors are awaiting the Federal Reserve's annual symposium in Jackson Hole, Wyoming, which begins on Thursday, and a speech by Fed Chair Kevin Warsh on Friday.
The number of initial jobless claims in the US fell to 203,000 last week, beating economists' expectations, while chipmaker Nvidia reported strong quarterly results, expecting 70% revenue growth next year and boosting its shares by around 7%.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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