On Wednesday, US equities emerged from a three-day hiatus. The S&P 500 outperformed the record high it established last week, rising 44.91 points, or 0.9%, to 5,248.49. To reach 39,760.08, the Dow Jones Industrial Average increased by 477.75 points, or 1.2%. To 16,399.52, the Nasdaq composite increased by 83.82 points, or 0.5%. Closely missing their own records were the Dow and Nasdaq at the closing. In its second day of trading, Trump Media and Technology Group continued its wild journey, rising 14.2% despite its Truth Social platform experiencing a loss.
After federal authorities authorized Merck's medication for people with pulmonary arterial hypertension—a rare ailment in which blood arteries in the lungs thicken and narrow—the company saw a 5% increase in share price, according to the AP. The supplier of office supplies and work uniforms, Cintas, was another significant factor driving the S&P 500 higher. After revealing a higher-than-expected earnings for the most recent quarter, it increased 8.3%. Following the announcement of more new products and the release of its first credit card, which is only available to Gold subscribers, Robinhood Markets saw a 3.7% increase in value.
Nvidia, which is on pace for a second consecutive loss after soaring 91% higher for the year so far, was the loser on Wall Street. Due to the possibility that some investors are locking in gains before shutting their books for the first quarter of the year, it fell 2.5%. Among the greatest beneficiaries of Wall Street's artificial intelligence mania has been Nvidia. Following a profit for the most recent quarter and a decline in sales from the previous year, GameStop also saw a decline in value. It dropped by 15.2%. It is the original meme stock, having been on the market for years before Trump Media, and its price often fluctuates based more on the mood of tiny investors than on actuals like sales and profit.
After federal authorities authorized Merck's medication for people with pulmonary arterial hypertension—a rare ailment in which blood arteries in the lungs thicken and narrow—the company saw a 5% increase in share price, according to the AP. The supplier of office supplies and work uniforms, Cintas, was another significant factor driving the S&P 500 higher. After revealing a higher-than-expected earnings for the most recent quarter, it increased 8.3%. Following the announcement of more new products and the release of its first credit card, which is only available to Gold subscribers, Robinhood Markets saw a 3.7% increase in value.
Nvidia, which is on pace for a second consecutive loss after soaring 91% higher for the year so far, was the loser on Wall Street. Due to the possibility that some investors are locking in gains before shutting their books for the first quarter of the year, it fell 2.5%. Among the greatest beneficiaries of Wall Street's artificial intelligence mania has been Nvidia. Following a profit for the most recent quarter and a decline in sales from the previous year, GameStop also saw a decline in value. It dropped by 15.2%. It is the original meme stock, having been on the market for years before Trump Media, and its price often fluctuates based more on the mood of tiny investors than on actuals like sales and profit.
