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<US> Nasdaq Climbs 398 pts; S&P 500 Hits Record Close with Intel (INTC.US) Soaring 24% and NVIDIA (NVDA.US) Also at All-Time High
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US equities were mixed on Friday amid optimism that the United States and Iran will soon hold peace talks in Pakistan. Driven by a nearly 24% surge in Intel (INTC.US) and strength in tech stocks including NVIDIA (NVDA.US), the Nasdaq closed up 398 points, or 1.6%, at 24,836. The S&P 500 rose 56 points, or 0.8%, to 7,165, with both indices setting record closing highs. However, the DJIA fell 79 points, or 0.2%, to 49,230. Intel reported quarterly earnings that far exceeded expectations. Its share price surged nearly 28% in early trading to a high of USD85.22, and finished the day up 23.6% at USD82.54, marking a record closing high. Large-cap technology stocks broadly advanced. NVIDIA gained 4.3% to USD208.26, breaking its record closing high maintained since October last year. Amazon (AMZN.US) rose 3.5%, while Meta (META.US) and Microsoft (MSFT.US) each climbed more than 2.4%. Alphabet (GOOG.US) added 1.4%. Apple (AAPL.US) edged down less than 1%. (sw/m) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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