Stock market today: Wall Street opens mixed and hold near record highs
NEW YORK (AP) — U.S. stocks are holding near record levels as evidence keeps piling up to show the job market remains remarkably solid. The S&P 500 was little changed in early trading Thursday, a day after coming within a fraction of a point of the 5,000 level for the first time. The Dow was up 69 points,
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Read MoreMissed Out on Nvidia? Buy This Incredibly Cheap Artificial Intelligence (AI) Stock That Could Jump 87% Thanks to a Red-Hot Opportunity
Generative artificial intelligence (AI) technology is expected to positively impact multiple industries in the long run, creating a massive annual revenue opportunity worth $1.3 trillion in 2032, according to Bloomberg Intelligence.
Nvidia has been the go-to stock for investors looking to capitalize on this lucrative market. Shares of the company have jumped 205% in the past year as the solid demand for its graphics cards has led to a terrific increase in its revenue and earnings.
Read MoreIs Spanish Mountain Gold (CVE:SPA) In A Good Position To Invest In Growth?
Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.
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Read MoreKraneShares Launches Defined Outcome ETFs (Tickers: KPRO, KBUF) For China Internet Exposure On The New York Stock Exchange
NEW YORK, Feb. 08, 2024 (GLOBE NEWSWIRE) — Krane Funds Advisors, LLC (“KraneShares”), an asset management firm known for its global exchange-traded funds (ETFs) and innovative investment strategies, today announced the launch of two China internet defined outcome ETFs on the New York Stock Exchange (NYSE).
The ETF pair provides exposure to China’s internet sector with varying degrees of added downside protection.
Read MoreStocks Fall, Dragged Down by Tech
After a one-two punch of rising bond yields and geopolitical worries sent stocks tumbling, the market needed a boost from earnings. It hasn’t happened so far.
The Dow Jones Industrial Average fell about 46 points, or 0.1%, on Wednesday. The S&P 500 was down 0.6%. The Nasdaq Composite was down about 1.2%.
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