Charlie Bobrinskoy, Ariel Investments Vice Chairman and Kevin Mahn, Hennion & Walsh Asset Management President, join 'Closing Bell Overtime' to talk
NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) officially joined the Dow Jones Industrial Average on Friday, underscoring the artificial intelligence (AI) chipmaker's rising prominence in the tech sector and AI-driven economy. The stock is set to close the week with a gain of roughly 9%, bolstered by demand for Nvidia's AI chips.
Chipmaker Nvidia (NVDA) and paint company Sherwin-Williams (SHW) have joined the Dow Jones Industrial Average (^DJI) this Friday, replacing Intel (INTC) and Dow Inc. (DOW). Yahoo Finance markets and data editor Jared Blikre joins the Morning Brief to break down the push for more tech representation in the Dow, which historically lacked many tech stocks until companies like Microsoft (MSFT) and Intel joined during the dot-com bubble.
US equity benchmarks rose slightly on Friday as investors assessed the Federal Reserve's interest rate cut on Thursday. The US Fed cut interest rates by 25 basis points on Thursday, and Chair Jerome Powell hinted at further easing of monetary policies in the coming months.
Nvidia's stock is now a below-average member of the 128-year-old Dow Jones Industrial Average.
ARK Innovation ETF jumps 11.6% on regulatory hopes under Trump. Explore market trends driving Nasdaq, S&P 500, and top-performing tech stocks.
The tech stock landscape may look quite different over the next four years with President-elect Donald Trump returning to office. For one, AI regulation of some form will likely have to come from the Trump administration as the fast-moving technology was not clamped down on by the Biden administration.
The US indices that I follow here at FX Empire all look very strong at the end of the week, as the US elections are finally behind us, and the Federal Reserve did exactly as expected on Thursday.
The US indices all look strong overall, but a couple of these indices were very sluggish in the early hours of Friday, as we are probably going to need to catch our breath after the election and Fed decision.
Nvidia (NVDA) joined the Dow Jones Industrial Average Friday, replacing storied chipmaker Intel (INTC) as the artificial intelligence (AI) darling cements its position as the world's most valuable company.
For only the 53rd time in 128 years, the ageless Dow Jones will see its components change.
The US indices have pulled back just a bit in the early hours of Thursday, as the market continues to look at the overall economic promise of new leadership in the United States. Ultimately, this is a referendum of new economic policies.