US Closing Bell | Data unavailable for News; market ends higher on tech surge

US Closing Bell04:02

Market

August 27, U.S. stocks closed higher with tech shares leading gains. The Dow Jones Industrial Average rose 0.20%, the S&P 500 added 0.72%, and the Nasdaq Composite jumped 1.57% as upbeat investor sentiment toward artificial-intelligence plays offset lingering growth concerns.

Chipmakers and cloud software names dominated the session’s action. Nvidia (NVDA) surged 8.74% after another wave of bullish price-target hikes, while Salesforce (CRM) leapt 22.58% on strong quarterly results and guidance. CrowdStrike (CRWD) climbed 20.50% following record billings, and ServiceNow (NOW) advanced 10.04% on AI-driven demand. Broadcom (AVGO) rallied 4.49% alongside Intel (INTC) up 4.36% and Palantir (PLTR) up 4.75%. Tesla (TSLA) gained 2.60% as it rolled out new driver-assist features. Microsoft (MSFT) added 1.72%, but Amazon.com (AMZN) slipped 1.54% and Meta Platforms (META) fell 0.87% on profit-taking.

Additional movers showed brisk trading in high-beta instruments and China ADRs. Semiconductor bull ETF Direxion SOXL rose 5.53%, while its bearish counterpart SOXS fell 5.72%. Taiwan Semiconductor (TSM) advanced 2.30% after reports of capacity expansion in Arizona. Alibaba (BABA) fell 2.95% as Chinese tech names lagged, though Baidu (BIDU) climbed 3.95% on AI chip optimism. Meiwu Technology (WNW) spiked 33.47% in a low-float rally, and Salesforce’s supplier Twilio (TWLO) slid 3.4% in sympathy with Amazon weakness.

News

No eligible event-driven U.S. equity news items were provided in the specified time window.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment