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Nov. 18, 2021, 9:35 a.m. EST

Dow trades flat but S&P 500 briefly retakes 4,700 near Thursday's open as Nvidia's stock rallies nearly 9%

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By Mark Decambre

U.S. stock indexes opened modestly higher on Thursday, with the bulls finding some support on the heels of an upbeat report from semiconductor maker Nvidia Corp. /zigman2/quotes/200467500/composite NVDA +1.96% , which reported a 50% jump in revenue late Wednesday. Meanwhile, economic data on the day was strong, despite worries about higher inflation and supply-chain bottlenecks, which have dogged investors. New filings for jobless benefits slipped by 1,000 to 268,000 in the seven days ended Nov. 13, the government said. Economists polled by The Wall Street Journal had estimated initial jobless claims would total a seasonally adjusted 260,000. And the Philadelphia Federal Reserve Bank's manufacturing index jumped in November to 39 from 23.8. Against that backdrop, stocks were tilting higher. The Dow Jones Industrial Average [: DJIA] traded flat at 35,921, near the open, the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.46% advanced 0.2% to 4,697 and briefly retook 4,700, and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +1.67% advanced 0.3% to around 15,965. Outperformance by chip maker Nvidia was helping to bolster gains in the broader S&P 500.

/zigman2/quotes/200467500/composite
US : U.S.: Nasdaq
$ 195.37
+3.75 +1.96%
Volume: 49.80M
Jan. 31, 2023 4:15p
P/E Ratio
83.11
Dividend Yield
0.08%
Market Cap
$471.39 billion
Rev. per Employee
$1.27M
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/zigman2/quotes/210599714/realtime
US : S&P US
4,076.60
+58.83 +1.46%
Volume: 0.00
Jan. 31, 2023 5:00p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,584.55
+190.74 +1.67%
Volume: 5.77B
Jan. 31, 2023 5:16p
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