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Stock market today: Dow, S&P 500, Nasdaq futures rise as Nvidia, Salesforce earnings boost tech

Stock market today: Dow, S&P 500, Nasdaq futures rise as Nvidia, Salesforce earnings boost tech

U.S. stocks rose on Thursday following strong earnings from Nvidia, Salesforce, and CrowdStrike, which boosted the tech sector. The Dow Jones Industrial Average rose 0.2%, the S&P 500 gained 0.7%, and the tech-heavy Nasdaq Composite surged 1.5%. Nvidia's stock jumped 8% after reporting earnings that exceeded expectations and signaled robust demand for its AI technology.

Nvidia CEO Jensen Huang had previously expressed a regret for not investing more and sooner in AI labs. The focus now shifts to the Federal Reserve's Jackson Hole Symposium, where central bank officials will discuss interest rate policy. Fed Chairman Kevin Warsh is expected to deliver a speech on Friday. Bond yields have stabilized after spiking last week due to ongoing concerns about Treasury's intervention in the bond market and the Fed's potential decision to maintain rates steady.

Jobless claims data showed a slight decrease, indicating a positive labor market trend. Discount retailers Dollar General and Dollar Tree reported better-than-expected earnings, but their stocks performed differently due to varying outlooks. Nvidia's earnings report and Salesforce's financial outlook contributed to a tech-driven rally in the market.

Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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