Top Stock Movers Now: Accenture, Nvidia, Darden Restaurants, and More
Bloomberg / Contributor / Getty Images
Key TakeawaysThe S&P 500 briefly crossed 5,500 for the first time Thursday, June 20, 2024 as Nvidia shares gained amid enthusiasm for developments related to artificial intelligence. Shares of Dell and Super Micro Computer rose after Elon Musk said the firms will be be suppliers for his xAI artificial intelligence startup.Accenture shares jumped after the company reported third-quarter profit that beat estimates as its AI-related bookings surged.
The S&P 500 briefly crossed 5,500 for the first time Thursday before edging lower, as Nvidia (NVDA) shares rose amid enthusiasm for developments related to artificial intelligence (AI). The Dow climbed, while the Nasdaq lost ground.Dell Technologies (DELL) and Super Micro Computer (SMCI) shares gained after Elon Musk said the two tech firms would be providing hardware for his xAI startup. Dell CEO Michael Dell also noted that Dell would be teaming with Nvidia on the project.Accenture (ACN) shares jumped after the company reported third-quarter profit that beat estimates as its AI-related bookings surged.Darden Restaurants (DRI) shares advanced after the restaurant chain posted better-than-expected adjusted profit as it benefited from the acquisition of Ruth’s Chris Steak House.Shares of Newmont Corporation (NEM) and some of its mining peers gained along with the prices of gold, copper, and other metals.Kroger (KR) shares fell as the big supermarket chain said it had paused its stock buyback program as it works to get approval for its planned $24.6 billion purchase of rival Albertsons (ACI).Shares of Jabil (JBL) tumbled as the maker of electronic equipment warned of “softness” in several of its markets. Apple (AAPL) shares also lost ground, with the iPhone maker’s purchases representing a large portion of Jabil’s revenue. Oil futures and the yield on the 10-year Treasury note rose. The U.S. dollar was up on the euro, pound, and yen. Prices of Bitcoin, Ethereum, and other major cryptocurrencies edged lower.
TradingView
Read the original article on Investopedia.
Welcome to Billionaire Club Co LLC, your gateway to a brand-new social media experience! Sign up today and dive into over 10,000 fresh daily articles and videos curated just for your enjoyment. Enjoy the ad free experience, unlimited content interactions, and get that coveted blue check verification—all for just $1 a month!
Account Frozen
Your account is frozen. You can still view content but cannot interact with it.
Please go to your settings to update your account status.
Open Profile Settings