Nvidia climbs 4%, helps Nasdaq climb into green territory
Nvidia stock (NVDA) rose more than 4% Thursday morning, helping lift the Nasdaq Composite (^IXIC).
The tech-heavy index erased early morning losses to climb into green territory as the AI chip heavyweight and other chip stocks gained.
Thu, October 3, 2024 at 2:30 PM GMT+1
Stocks open lower with monthly jobs report on deck, Middle East tensions high
Stocks opened lower on Thursday as investors turn their attention this week to monthly jobs data for clues about the health of the economy while keeping a close eye on the Middle East conflict.
The S&P 500 (^GSPC) fell 0.3%. The Dow Jones Industrial Average (^DJI) fell 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) moved lower by 0.5% after all three averages closed above the flat line on Wednesday.
Investors await the highly anticipated September jobs report out on Friday morning. Weeklyjobless claims released on Thursday ticked up slightly from the prior week.
In commodities, oil prices were up Thursday as the Israel-Iran crisis has raised concerns of supply disruptions in the region. Brent (BZ=F) and West Texas Intermediate (CL=F) were each up more than 2% in early trading.