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The Nasdaq Composite advanced 2. The tech-heavy index is within shouting distance of its all-time closing high of 16, The Dow Jones Industrial Average surged Shares of Nvidia popped Nvidia, which has become one of the largest U.

Sp500 cnbc

Skip Navigation. Investing Club. Investors can still find discounts even as stocks climb to fresh all-time highs. The two benchmarks were also on pace for strong weekly gains. A blowout earnings report from chipmaker Nvidia helped lift the broader market in the second half of the week, especially the technology sector. However, the rise was fairly broad, with health care and industrial segments of the market also hitting record-high closes on Thursday. Despite the market rally, there are some relative bargains out there for investors. CNBC Pro screened FactSet data to scan for stocks that meet the following criteria: Shares trade at a discount relative to their sector and industry. American Airlines made the list. Despite the strong gain for the airline firm, shares are still reasonably priced compared to the wider industrials sector of the market. Citi upgraded American Airlines stock to buy from neutral last month, with analyst Stephen Trent pointing to the company's effort to pay down debt and low capital expenditures as catalysts for strong growth in the post-pandemic era. Despite the gain, it trades at relative discounts to the energy sector and oil industry.

Read More. The index climbed 1. The company's gross margin was

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The Dow Jones Industrial Average gained The tech-centric Nasdaq Composite rose 0. Stocks bounced after the Federal Reserve released the minutes from its June meeting, showing that the central bank was committed to bringing down inflation. Fed members said the meeting on July 26 and 27 likely also would see another or basis point move, the minutes showed. A basis point is one one-hundredth of 1 percentage point. Defensive plays and utilities were some of the best performers on Wednesday.

Sp500 cnbc

Skip Navigation. Investing Club. The closing high established then was 4, The broader index ended the day at 4, For investors, it's an encouraging sign for equities even amid lingering concerns of slowing economic growth. Some worry the major averages are overvalued after last month's dovish pivot from the Fed has stocks pricing in more rate cuts than central bank policymakers have indicated. Historical precedent Other technical analysts are optimistic about the equity market. To be sure, he said, the returns one month out were in line with the average return, typical of a consolidation after a breakout. But, he said the returns three to 12 months out were "especially positive.

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In this photo illustration, a visual representation of the digital cryptocurrency Bitcoin is displayed on February 13, in Paris, France. These investors are also more positive about the state of the broader economy. Brian Evans 4 hours ago. Other cryptocurrencies saw even bigger increases, helped by a boost in the stock market following Nvidia's strong earnings, as well as an optimistic tone in the minutes of the Fed's January meeting. Economists polled by Dow Jones had anticipated the index would come in at I'd rather take it elsewhere in something that hasn't had as much of a run as Nvidia has. However, on a comparative level the increase was just 3. He noted that the Nvidia-fueled market rally still carries "inherent risk" to it, given the cyclical nature of semiconductor stocks. Stocks opened higher on Thursday, boosted by the hope that artificial intelligence will continue to drive economic growth after Nvidia's blockbuster earnings. Salesforce led the index higher with a rally of around 3. Fast Retailing rose 2. The company does not see the need to raise capital through but is putting in place the ATM as "good housekeeping," Lane said. Federal Reserve Governor Philip Jefferson said Thursday he anticipates interest rate cuts this year but provided no timetable as he sees both upside and downside risks for the outlook.

The Nasdaq Composite shed 0. The Dow Jones Industrial Average notched a marginal gain, closing 3.

I'd rather take it elsewhere in something that hasn't had as much of a run as Nvidia has. Looking forward, Exxon Mobil's deal to purchase Pioneer Natural Resources is expected to close in the first half of Read the full list of stocks moving here. However, he cautioned that investors should keep an eye on inflation, which has the potential to hurt the positive sentiment if it proves stickier than markets were anticipating. The company will put in place a "modest" at-the-market offering in the coming weeks, CFO Robert Lane told analysts during the company's earnings call. Wojs believes that the company is especially positioned well to "capture outsized growth towards affordable offerings. The Dow was last up more than points, getting a lift from the software company. The Stoxx index ended the session 0. These investors are also more positive about the state of the broader economy. Skip Navigation. Those gains were also driven by hope that the Fed will soon ease monetary policy. Crude oil futures rose Thursday amid signs of a tightening global market and as the geopolitical outlook in the Middle East remains uncertain. Despite the market rally, there are some relative bargains out there for investors.