Nasdaq finishes up 1.7% as Nvidia fuels tech rally


U.S. stocks closed mostly higher Thursday, as technology companies fueled gains amid investor enthusiasm surrounding artificial intelligence. The S&P 500 SPX, +0.88% finished 0.9% higher, while the tech-heavy Nasdaq Composite COMP, +1.71% climbed 1.7% and the Dow Jones Industrial Average DJIA, -0.11% slipped 0.1%, according to preliminary data from FactSet. Chip maker Nvidia Corp. NVDA, +24.37% was the top-performing stock in the S&P 500, surging as the index’s tech sector closed with sharp gains of more than 4%, preliminary FactSet data show. Communication services was the second strongest sector in the S&P 500 on Thursday, rising a modest 0.4%. Nvidia shares have skyrocketed as investors anticipate the company will benefit from generative AI.

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