Wall Street ticks toward a record
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Wall Street set for tepid open
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Wall Street’s major averages continue their upward trajectory in July, with the S&P 500 (SP500) and Nasdaq Composite (COMP:IND) reaching fresh all-time highs. Meanwhile, the Dow (DJI) remains just shy of its own record,
The Nasdaq rose to a record high on Thursday, leading a cautious climb across Wall Street's major indexes, as strong economic data lifted spirits and airline stocks took off on United Airlines' results.
Nvidia (NASDAQ: NVDA) stock currently trades for around $155. However, Loop Capital just gave Nvidia a new price target of $250 per share. That indicates around 60% upside from today's price, but the implications of a $250-per-share stock are far greater.
Just a day after the S&P 500 and Nasdaq hit record territory, both indexes climbed to fresh highs once again on Friday, though weakness in American Express (AXP) has weighed on the Dow, leaving markets trading mixed.
Wall Street benchmarks closed modestly higher on Wednesday, with the Nasdaq Composite achieving its latest record finish, despite a chaotic half hour when news reports suggested U.S. President Donald Trump was set to fire Federal Reserve Chair Jerome Powell.
Wall Street was set for a slightly higher open on Tuesday as a full U.S. approval of a COVID-19 shot boosted shares of energy and travel-related companies, while gains in technology stocks put the ...