S&P 500, Nasdaq Composite finish at record highs as tech shares gain


Stocks ended mostly higher Thursday, buoyed by upbeat earnings for Nvidia Corp. NVDA, +8.25% and major retailers as the S&P 500 and Nasdaq Composite closed at records. The Dow Jones Industrial Average lagged behind, falling around 60 points, or 0.2%, to close near 35,871, according to preliminary figures, weighed down in part by a 5.5% loss for Cisco Systems Inc. after disappointing guidance. The S&P 500 SPX, +0.34% rose around 16 points, or 0.3%, to close near 4,705; the Nasdaq COMP, +0.45% advanced around 72 points, or 0.5%, to end near 15,994. Nvidia shares rose more than 8% after the chip maker delivered upbeat earnings. Macy’s Inc. M, +21.17% jumped more than 21% after the department-store chain topped Wall Street forecasts, while Kohl’s Corp. KSS, +10.62% advanced 10.6%.

This article was originally published by Marketwatch.com. Read the original article here.

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