Nvidia hits record high as Wall Street shows mixed results

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Nvidia hits record high as Wall Street shows mixed results
Credit: © Reuters.

NEW YORK - A standout performer in the tech sector, Nvidia (NASDAQ: NVDA ), reached a record high, providing a boost to the Nasdaq 's performance. The milestone for Nvidia highlighted a bright spot in an otherwise cautious market environment.

Despite the tech gains, broader market concerns loomed, particularly with Treasury yields holding above the 4% mark, reflecting ongoing investor unease about potential monetary policy shifts.

Wall Street concluded today with varied outcomes among major indices, as the S&P 500 dipped slightly by 0.15% and the Dow Jones Industrial Average fell by 157.85 points, a 0.42% decrease. In contrast, the Nasdaq Composite edged higher by 0.09%.

The mixed results came as investors navigated through a landscape of anticipation, with key consumer price data on the horizon that could sway the Federal Reserve's interest rate decisions.

In the realm of digital currencies, Bitcoin saw a day of fluctuations, ultimately closing with a minor loss of 0.42%, landing at $46,739. The cryptocurrency's movements mirrored the broader market's search for direction amidst the prevailing uncertainties.

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