The chipmaker Nvidia soared 7.8% to an all-time highWhile earnings at Amazon, Apple and Microsoft helped the tech-heavy Nasdaq outperform its peers.
The top 11 S&P sectors were up in New York in the morning, with consumer discretionary and technology gaining the most.
The The Dow Jones Industrial Average was up 0.39% to 35,879.05 to hit an all-time high. The S&P 500 gained 0.70% to 4,598.40 points, while the Nasdaq Composite advanced 1% to 15,378.23 points..
Some strong corporate results have helped propel the Dow Jones and S&P 500 to record highs, boosting investor sentiment in October after concerns about inflation, reduced stimulus from the Federal Reserve and the crisis. from the China Evergrande real estate group rocked the markets last month.
The Nasdaq is trading around 0.4% below its all-time high on Sept. 7.
Facebook Inc, meanwhile, fell 1.8% as the social media giant’s third-quarter revenue They’ve also faced the brunt of Apple Inc.’s privacy rules, while advertisers were also hit by global supply chain disruptions and labor shortages.
Twitter Inc, which also generates revenue through the sale of digital ads, was up 0.1% before knowing its results in the day. Eyes are also on Alphabet Inc and Microsoft Corp’s quarterly reports after the market close.
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