US: Nasdaq, S&P 500 open higher as Nvidia drives chip stocks rally

US: Nasdaq, S&P 500 open higher as Nvidia drives chip stocks rally

May 23, 2024 / Riah Marton /


The tech-heavy Nasdaq and the benchmark S&P 500 opened higher on Thursday (May 23), driven by strong gains in chip stocks after Nvidia’s upbeat revenue forecast cemented investor optimism around the meteoric rise of artificial intelligence technology.

The Dow Jones Industrial Average rose 23.91 points, or 0.06 per cent, at the open to 39,694.95.

The S&P 500 opened higher by 33.25 points, or 0.63 per cent, at 5,340.26, while the Nasdaq Composite gained 194.84 points, or 1.16 per cent, to 16,996.39 at the opening bell. REUTERS

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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