LIVE MARKETS-S&P 500, Nasdaq nearing records again
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S&P 500, NASDAQ NEARING RECORDS AGAIN
Major U.S. stock indexes are higher in early trading on Thursday, with investors eyeing the S&P 500 .SPX and Nasdaq .IXIC as they again approached record highs, with Nvidia NVDA.O leading the charge higher for a second straight day.
The S&P 500 last reached a record closing high on February 19, while Nasdaq's last record close was in December.
Micron Technology MU.O shares were lower even though late Wednesday it forecast fourth-quarter revenue above Wall Street estimates, citing robust demand for its high-bandwidth memory (HBM) chips used in artificial intelligence data center. Its stock reversed course in morning trading and was last down about 2%, while the Philadelphia semiconductor index .SOX was up almost 1%.
Investors also are digesting data showing the U.S. economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending.
Here is the early market snapshot:
(Caroline Valetkevitch)
EARLIER LIVE MARKETS POSTS
SMALL AS PROTECTION AGAINST DOWNSIDE, OPPORTUNITY IN UPSIDE CLICK HERE
BRITISH MIDCAPS COULD FINALLY SEE SOME LOVE CLICK HERE
Q1 RESULTS, AGENTIC AI AND REGULATORY TAILWINDS SUPPORT TECH OUTLOOK - FEDERATED HERMES CLICK HERE
CASE FOR ALTERNATIVES NOT SIMPLY TACTICAL, BUT STRATEGIC - HSBC CLICK HERE
THE PATH OF LEAST RESISTANCE TO TACKLE THE US TWIN DEFICITS CLICK HERE
EUROPE BEFORE THE BELL: MOVING ON UP CLICK HERE
MORNING BID: TRUMP PUNCHES AT POWELL, DOLLAR RECOILS CLICK HERE
for early snapshot
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