Nasdaq ends higher as AI heavyweights rebound ahead of midterm results
The Dow Jones Industrial Average declined 0.38% to 51,787.04 points.
The Nasdaq ended higher on Nov 3 as AI heavyweights rebounded ahead of US midterm election results, while Apple fell after the iPhone maker joined the list of Big Tech companies whose quarterly results failed to impress investors. Apple dropped 1.9% after it warned that the cost of memory chips would continue to rise, pressuring its holiday-quarter gross margin. Memory-chip maker Micron Technology gained 2.6%, while Nvidia rose 2.3% after falling in the last four sessions.
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- US stocks: Nasdaq ends higher as AI heavyweights rebound ahead of midterm results businesstimes.com.sg
