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S&P 500 Futures Remain Steady as Nvidia Continues to Drive Market Growth
As I reflect on the market's recent performance, I note that S&P 500 futures remained relatively unchanged on Wednesday, with investors eagerly anticipating whether the benchmark index will surpass its recent record-breaking peak. The S&P 500 futures inched up by 0.05%, while Nasdaq 100 futures experienced a more substantial gain of 0.2%. Conversely, Dow Jones Industrial Average futures experienced a minor setback, shedding 0.1%.
The stock market was closed on Wednesday in observance of the Juneteenth holiday. However, stocks had already enjoyed a successful week, with the S&P 500 and Nasdaq Composite both reaching new record highs on Tuesday.
Nvidia spearheaded the upward trend, with the artificial intelligence trailblazer and chipmaker surpassing Microsoft to claim the title of the world's most valuable company. Nvidia's stock price has soared by an impressive 174% in 2024, fueled by the ongoing boom in artificial intelligence technology and its impact on the equity market.
Original Article: https://www.cnbc.com/2024/06/19/sp-500-futures-were-little-changed-as-wall-street-looks-for-nvidia-to-keep-leading-market.html
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