Dow Jumps Over 100 Points; Nvidia Posts Upbeat Earnings

U.S. stocks traded higher this morning, with the Dow Jones index gaining by more than 100 points on Thursday.

The Dow traded up 0.30% to 43,539.98 while the NASDAQ rose 0.01% to 18,968.98. The S&P 500 also rose, gaining, 0.17% to 5,926.95.

Check This Out: Jim Cramer Likes Devon Energy, But Calls Another Stock ‘Far Superior‘

Leading and Lagging Sectors

Industrials shares rose by 0.7% on Thursday.

In trading on Thursday, communication services shares fell by 2.1%.

Top Headline

NVIDIA Corporation (NASDAQ:NVDA) reported better-than-expected earnings for its third quarter on Wednesday.

The company reported third-quarter revenue of $35.1 billion, up 94% year-over-year, which beat a Street consensus estimate of $33.12 billion, according to data from Benzinga Pro. Nvidia said it expects fourth-quarter revenue to be $37.5 billion plus or minus 2%.

Equities Trading UP
                       

• Quantum Computing Inc. (NASDAQ:QUBT) shares shot up 29% to $4.76. Quantum Computing announced it received another purchase order for its photonic chip foundry.
• Shares of Snowflake Inc. ...

Full story available on Benzinga.com