Home Markets Stocks rise, led by tech as Nvidia jumps after earnings

Stocks rise, led by tech as Nvidia jumps after earnings


Stocks were mostly higher on Thursday to reverse course after dropping a day earlier, as investors weighed a batch of solid corporate earnings results against lingering inflation concerns. 

The S&P 500 rose. As of Wednesday’s close, the index was up by 1.8% for November to date, and hovered less than 0.7% below its all-time intraday high. 

Nvidia (NVDA) shares jumped to help lead both the S&P 500 and Nasdaq higher after the semiconductor company posted record quarterly revenues and strong full-year guidance. The report suggested it was effectively navigating a lingering global shortage and meeting elevated demand. 

Dow company Cisco (CSCO), however, saw results dented by components shortages, and the computer networking equipment company posted a disappointing current-quarter forecast. And overseas, Alibaba’s (BABA) sharply disappointing quarterly report and slashed guidance for the full year raised alarm bells about the pace of growth in China — the…

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