Today's ASX news
US stock market report – dip buyers emerge
US stock markets saw another day of dip-buying with the technology sector leading the way once again, the Nasdaq adding 1.7%.
October 6, 2021
NVIDIA Corp (NASDAQ: NVDA) is an American technology company based in California. It is a leader in the design of graphics processing units (GPUs) for gaming markets and system on a chip (SoC) for the mobile, computing and automotive markets. Nvidia was founded in 1993 and invented the graphics processing unit in 1999.
US stock markets saw another day of dip-buying with the technology sector leading the way once again, the Nasdaq adding 1.7%.
The Australian share market or S&P/ASX 200 (INDEXASX: XJO) continued its recent weakness with ASX Reporting Season a key drag on performance. Treasury Wine Estates Ltd (ASX:TWE) and BHP Group Ltd (ASX:BHP) remain in focus.
US stock markets pushed to new highs once again with the Dow Jones adding 0.04%, the S&P 500 0.3% and the Nasdaq 0.4% on Thursday.
The S&P 500 finished at a record high for the 42nd time this year, adding 0.8% as earnings season continued to drive positive sentiment.
Global markets finished stronger ahead of the start of US earnings season, the Dow Jones and S&P 500 both adding 0.4%.
It was another mixed day for the S&P/ASX 200 (ASX: XJO) on Thursday, finishing slightly higher, up 0.2%, despite a strong opening. The S&P/ASX 200 is expected to open slightly lower on Friday, according to the Sydney Futures Exchange.
US stock markets were powered higher by smaller companies and technology sectors overnight. NVIDIA (NASDAQ:NVDA) shares are making headlines.
US markets ended what was a busy week all but flat, with the Dow Jones up 0.4% on Friday, the S&P 500 down 0.1% and the Nasdaq down 0.5%.
US markets finished the week strongly on the back of great economic data. SVB Financial (NASDAQ:SVIB) and American Express (NYSE:AMEX) are in the news.