(Reuters) – The S&P 500 and Dow Jones indices ended at records on Friday on the New York Stock Exchange, which continued to benefit from stocks linked to artificial intelligence after Nvidia’s results, even if the Nasdaq Composite finished in the red.
The Dow Jones index gained 0.16%, or 62.42 points, to 39,131.53 points. The broader Standard & Poor’s 500 gained 1.77 points, or 0.03% to 5,088.80 points.
The Nasdaq Composite fell 44.80 points (-0.28%) to 15,996.823.
Over the week, the S&P 500 gained 1.7%, the Dow Jones 1.3% and the Nasdaq 1.4%.
Despite smaller gains on Friday, Nvidia’s performance (+0.36) continued to attract the attention of the markets despite fears related to the Federal Reserve’s interest rates.
“Nvidia is one of the key companies, if not the key company, in the rise of the Nasdaq and the S&P 500,” commented Anthony Saglimbene, chief strategist at Ameriprise.
The semiconductor giant pulled other major technology and growth stocks in its wake in previous sessions, although on Friday Apple, Tesla and Meta Platforms finished in the red.
In other sectors, Carvanaa soared 32.09% after announcing its very first annual profit.
Among the declines, Warner Bros Discovery lost 9.94% after reporting a larger-than-expected quarterly loss.
(Written by Kate Entringer)
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