Stock Market Today, Feb. 24: Broad Rally Lifts Markets As Investors Look Ahead to Nvidia Earnings Tomorrow and Trump's State of the Union
The Motley Fool • • business
Key Points:
- The S&P 500 increased by 0.78% to 6,891.04, the Nasdaq Composite rose 1.04% to 22,863.68, and the Dow Jones Industrial Average gained 0.76% to 49,174.49 as concerns about AI eased.
- Biotech company Iovance Biotherapeutics surged 32% following positive sarcoma trial results, while Advanced Micro Devices climbed due to reports of a new AI chip deal with Meta Platforms.
- Consumer staples saw mixed performance with J.M. Smucker rising after a Bank of America upgrade, whereas General Mills declined following a downgrade.
- The market rebounded after a sell-off triggered by fears over AI’s impact and
