Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Dow, S&P 500 hit fresh records, but Nasdaq ticks lower

The tech-rich Nasdaq slipped by 0.3 percent to 15,996.82 -- a day after surging by 3.0 percent following strong earnings results from chipmaker Nvidia. (AFP)
  • The Dow Jones Industrial Average, America's blue-chip index, rose 0.2 percent to end the day at a record high of 39,131.53
  • The broad-based S&P 500 was barely positive for the day, rising by well under 0.1 percent. Nevertheless, it inched higher to a new record of 5,088.80

New York, United States– US stock markets finished mixed on Friday, with the Dow and the S&P 500 hitting fresh peaks, while the Nasdaq slipped slightly following Thursday’s Nvidia-fueled surge.

The Dow Jones Industrial Average, America’s blue-chip index, rose 0.2 percent to end the day at a record high of 39,131.53.

The broad-based S&P 500 was barely positive for the day, rising by well under 0.1 percent. Nevertheless, it inched higher to a new record of 5,088.80.

The tech-rich Nasdaq slipped by 0.3 percent to 15,996.82 — a day after surging by 3.0 percent following strong earnings results from chipmaker Nvidia.

“The euphoria with Nvidia is causing a momentum to buy,” Peter Cardillo from Spartan Capital told AFP.

Amid individual firms, car sales company Carvana’s share price surged more than 32 percent after it reported its first ever annual profit.

And the cybersecurity firm Palo Alto Networks saw its share price rise more than 5.3 percent — reversing some of the dramatic 30 percent decline that occurred Wednesday after it cut its revenue forecast.