Nvidia Earnings Propel Nasdaq to Record High, Dow Slips

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Source: Investor's Business Daily
Nvidia Earnings Propel Nasdaq to Record High, Dow Slips
Photo: Investor's Business Daily
TL;DR Summary

The Dow Jones Industrial Average fell 0.5% Thursday morning following initial unemployment claims data, while Nvidia surged above the 1,000 price level after strong earnings and a 10-for-1 stock split announcement. The S&P 500 rose 0.1%, and the Nasdaq gained 0.5%. Other notable stock movements included gains for ELF Beauty and Snowflake, and declines for Ralph Lauren. The Labor Department reported a drop in weekly jobless claims to 215,000.

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