Nvidia has created history by replacing
Intel in the
Dow Jones Industrial Average. This signifies a changing of guard in the semiconductor industry. Despite facing numerous market fluctuations, the stock market managed to bounce back. Stocks have been tumbling due to the heavy impact of earnings on tech giants, leading to losses for S&P 500, Nasdaq, and Dow.
Futures rose ahead of the jobs report, but stocks took a hit as the report turned out to be weaker than expected and inflation data loomed. Wall Street has prepared to face the aftermath of an election, causing market levels to falter.
Big Tech earnings and key economic data were major factors influencing the stocks' performance. Amidst the changes,
Caterpillar earnings were reported to have missed market expectations, sinking Dow Jones. The replacement of Intel with Nvidia in the Dow Jones Industrial Average emphasises the importance of AI-driven shifts in the semiconductor industry which is noted to be significant for market investors. Despite several drops, stocks managed to make a comeback with the impending release of Big Tech earnings.
Dow Stocks DOW News Analytics from Fri, 11 Oct 2024 07:00:00 GMT to Sat, 02 Nov 2024 21:59:00 GMT -
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