{"id":369685,"date":"2025-11-10T17:53:25","date_gmt":"2025-11-10T17:53:25","guid":{"rendered":"https:\/\/www.europesays.com\/us\/369685\/"},"modified":"2025-11-10T17:53:25","modified_gmt":"2025-11-10T17:53:25","slug":"nvidia-pulls-wall-street-higher-while-many-other-stocks-struggle","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/369685\/","title":{"rendered":"Nvidia pulls Wall Street higher while many other stocks struggle"},"content":{"rendered":"

By STAN CHOE, AP Business Writer<\/strong><\/p>\n

NEW YORK (AP) \u2014 Big Tech and other superstars of the U.S. stock market are rallying on Monday, helping Wall Street recover some of its\u00a0loss from last week<\/a>.<\/p>\n

The S&P 500 rose 0.8% to claw back close to half its drop from last week, which was its first weekly loss in four. The Nasdaq composite jumped 1.4%, while the Dow Jones Industrial Average lagged behind. The Dow, which has less of an emphasis on technology stocks, was down 8 points, or less than 0.1%, as of 11:30 a.m. Eastern time.<\/p>\n

Nvidia<\/a>\u00a0was by far the strongest force pushing the market upward and rose 3.3%. It and\u00a0other winners in the frenzy<\/a>\u00a0around artificial-intelligence technology had been at the center of last week\u2019s drop. Critics say their\u00a0stock prices shot too high<\/a>\u00a0and too fast in\u00a0the mania around AI<\/a>, drawing comparisons to the 2000 dot-com bubble that ultimately burst.<\/p>\n

Taiwan Semiconductor Manufacturing Co., which makes chips for Nvidia and other companies, saw its stock that trades in United States rise 2.4% after saying its revenue climbed nearly 17% in October from a year earlier. While such growth is strong compared with other companies, it\u2019s a slowdown from TSMC\u2019s earlier performance.<\/p>\n

Another AI darling, Palantir Technologies, jumped 6.6% for one of the biggest gains in the S&P 500.<\/p>\n

The gains for tech helped offset losses across much of the rest of the market, as the majority of stocks within the S&P 500 index sank.<\/p>\n

Health care companies fell as uncertainty remains about whether Washington will extend expiring health care tax credits, a sticking point on Capitol Hill that\u2019s created the longest-ever shutdown for the U.S. government. That\u2019s even though the\u00a0Senate took the first steps<\/a>\u00a0on Sunday to end the shutdown.<\/p>\n

President Donald Trump suggested in a social media post over the weekend that cash being sent to \u201cmoney sucking\u201d insurance companies should instead go directly to people so they can buy their own health insurance.<\/p>\n

Humana fell 4%, and Centene dropped 9.9%.<\/p>\n

The effects of the government\u2019s shutdown have become more apparent following the cancellations of\u00a0thousands of flights<\/a>\u00a0over the weekend. Towers are facing shortages as some air traffic controllers \u2014 unpaid for weeks \u2014 have stopped showing up for work.<\/p>\n

Besides the pain at airports, the U.S. government\u2019s shutdown has also delayed important reports on the economy. A resumption could upset financial markets if the released logjam shows data that dashes traders\u2019 expectations for coming cuts to interest rates.<\/p>\n

The wide expectation is that the\u00a0Federal Reserve will continue to cut<\/a>\u00a0its main interest rate in hopes of shoring up what has been\u00a0a slowing job market<\/a>. Wall Street loves lower interest rates because they can give the economy a boost while also pushing prices for investments upward.<\/p>\n

But the Fed has said it may have to halt its cuts if\u00a0inflation<\/a>\u00a0worsens because lower interest rates can give inflation more fuel.<\/p>\n

Without updates from the U.S. government on jobs and the economy, traders have instead been trawling profit reports from companies for clues about how things are going.<\/p>\n

Tyson Foods, which sells chicken and other meat, climbed 1.3% after reporting a stronger profit for the latest quarter than analysts expected. It benefited from increases in prices for its pork and beef of 11% to 17%.<\/p>\n

Roughly four out of every five companies in the S&P 500 have also been reporting stronger profits for the summer than analysts expected, according to FactSet. Companies usually top analysts\u2019 profit expectations each quarter, but the pressure was high this time around because they needed to justify the big moves upward for their stock prices since April.<\/p>\n

Delivering bigger profits is one of the easier ways companies can quiet criticism that their stock prices have become too expensive.<\/p>\n

Companies have also been giving generally strong forecasts for upcoming results, according to Bank of America strategist Savita Subramanian. That has analysts\u2019 expectations for earnings in 2026 nearly all the way back to where they were before Trump shocked the economy and financial markets with his \u201cLiberation Day\u201d announcement of worldwide tariffs in April.<\/p>\n

In stock markets abroad, indexes rallied across much of Europe and Asia.<\/p>\n

South Korea\u2019s Kospi jumped 3% for one of the bigger gains. Chip company SK Hynix, which is cooperating with Nvidia on artificial intelligence, leaped 4.5%. Its bigger rival, Samsung Electronics, climbed 2.8%.<\/p>\n

In the bond market, the yield on the 10-year Treasury edged down to 4.10% from 4.11% late Friday.<\/p>\n

AP Business Writers Matt Ott and Elaine Kurtenbach contributed.<\/p>\n","protected":false},"excerpt":{"rendered":"By STAN CHOE, AP Business Writer NEW YORK (AP) \u2014 Big Tech and other superstars of the U.S.…\n","protected":false},"author":3,"featured_media":369686,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,738,144,17709,405,403,5226,5225,5228,5227,2274,10747,67,586,132,5230,68,2969,3642],"class_list":{"0":"post-369685","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-artificial-intelligence","10":"tag-dow-jones-industrial-average","11":"tag-nasdaq","12":"tag-new-york","13":"tag-new-york-city","14":"tag-newyork","15":"tag-newyorkcity","16":"tag-ny","17":"tag-nyc","18":"tag-sp-500","19":"tag-stock-market-today","20":"tag-united-states","21":"tag-united-states-of-america","22":"tag-unitedstates","23":"tag-unitedstatesofamerica","24":"tag-us","25":"tag-usa","26":"tag-wall-street"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115526692274399518","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/369685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=369685"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/369685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/369686"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=369685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=369685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=369685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}