CNBC Daily Open: Nvidia’s record close juiced the Nasdaq
Publishing timestamp: 2023-08-30 02:00:01
Summary
U.S. stocks had a strong day, with the S&P 500 and Nasdaq Composite advancing. Treasury yields dipped, providing relief for stocks. Australia's S&P/ASX 200 rose after a softer consumer price index. U.S. banking regulators plan to require long-term debt issuance for banks with at least $100 billion in assets. Nvidia shares reached a record high due to a partnership with Google. Costco and the premium market are experiencing success in China. Grayscale's lawsuit victory opens the door for other companies to create bitcoin ETFs. Morgan Stanley predicts the S&P 500 will reach 5000 by the end of the year. Positive business news and mixed economic data are influencing stock performance.
Sentiment: MIXED
Tickers: .IXIC, NVDA, BTC.CB=, COIN, MS, COST, .SPX, .DJI, GOOGL,
Keywords: banks, nvidia corp, coinbase global inc, business news, costco wholesale corp, jobs, morgan stanley, nasdaq composite, markets, alphabet inc, bitcoin/usd coinbase, s&p 500 index, world markets, united states, dow jones industrial average, technology, economic events,
Source: https://www.cnbc.com/2023/08/30/stock-markets-nvidias-record-close-juiced-the-nasdaq.html