S&P 500 Surges 2.35% in Broad Rally But Nvidia Sits Out
By Damilola Esebame
AI summary of the source article
On 9 November, the S&P 500 climbed 2.35% to 7,549.94 in a broad market rally, alongside gains in the Dow and Nasdaq. Nvidia dropped 4.27% after its board launched an independent investigation concerning CEO Jensen Huang.
Why it matters
The investigation adds key-person risk ahead of Nvidia’s fiscal third-quarter earnings on 17 November.
Key facts
- The S&P 500 rose 2.35% to 7,549.94, the Dow gained 2.15%, and the Nasdaq Composite rose 2.74% on 9 November.
- Nvidia fell 4.27% to $178.67 following a board-announced investigation into reports CEO Jensen Huang was targeted by a foreign intelligence effort.
- October CPI rose 0.4% headline and 0.3% core, exceeding forecasts and pressuring rate expectations ahead of the Federal Reserve's December meeting.
Source excerpt · FinanceFeeds
The S&P 500 closed at 7,549.94 on 9 November, up 2.35% against the prior close of 7,376.86, in what CNBC described as the market's best day since 8 April. The Dow Jones Industrial Average gained 2.15% to 52,389.75 and the Nasdaq Composite rose 2.74% to 25,253.14. Nvidia fell 4.27% to $178.67, the only Magnificent Seven stock to close lower on the session, according to Motley Fool and CNBC . Fallin…