Stocks edge up as Nvidia leads tech higher following Hugging Face deal announcement: AlphaCheck

Good morning. The U.S. stock market opened higher on Thursday, with shares of Nvidia (NVDA) driving gains in the technology sector. Long-dated bond yields fell ahead of Friday's job reports. The 10-year Treasury note (^TNX) slid to 4.73%, marking its lowest level since November 2023. Here's a snapshot of the market action in the early minutes of trading, based on data from Yahoo Finance's AlphaSpace heat map.

Tech stocks (XLK) posted strong gains, with shares of Snowflake (SNOW) surging following the company's impressive quarter. However, chipmaker Broadcom (AVGO) declined after delivering strong results but missing revenue estimates. Nvidia (NVDA) stock edged higher after the AI-focused chipmaker announced plans to acquire AI open-weight model hub Hugging Face in a $13 billion deal.

Other stocks being closely watched by Yahoo Finance readers this morning include Meta (META), Campbell Soup (CPB), and Victoria's Secret & Co. (VSXY). For the latest stock market news and in-depth analysis, including key events that drive stock prices, click here to read the full article from Yahoo Finance.