At the end of the trading session on February 22, the S&P 500 index increased 2.11% to 5,087.03 points, recording the best session since January 2023. The Nasdaq Composite Index added 2.96% to 16,041.62 points, also recording the strongest increase since February 2023. The index is very close to its all-time closing high of 16,057.44 points. The Dow Jones index increased 456.87 points (equivalent to 1.18%) to 39,069.11 points, surpassing the 39,000 mark for the first time.
Nvidia shares jumped 16.4% to an all-time high after the chipmaker said total revenue jumped 265% year-over-year �� largely thanks to its booming artificial intelligence business. explode. Nvidia, which becomes one of the largest US companies by market capitalization, also forecast another impressive revenue increase in the current quarter, even as expectations rose for big growth.
UnitedHealth shares fell nearly 3%, negatively affecting the Dow Jones. Intel and Alphabet shares lost 1.7% and 1.8%, respectively. In addition, Urban Outfitters shares dropped 12.8% after reporting fourth quarter 2023 business results weaker than forecast.
US stocks fell on Wednesday (February 28) as investors waited for the important inflation report to be released later this week. At the end of the trading session on February 28, the S&P 500 index retreated 0.17% to 5,069.76 points. The Nasdaq Composite index lost 0.55% to 15,947.74 points. The Dow Jones index dropped 23.39 points (equivalent to 0.06%) to 38,949.02 points and recorded the third consecutive decline.