The US stock market ended the trading day on July 18 with strong gains in the S&P 500 and Nasdaq indices, while Nvidia's stock reached a new record market capitalization.
Key indices such as Dow Jones, S&P 500, and Nasdaq all closed in positive green, with S&P 500 and Nasdaq hitting historic highs, reflecting optimism and strong resilience in the market. Nvidia's stock exceeded $4.2 trillion in market capitalization, making a remarkable impression. On the same day, Coinbase's stock also recorded a 3.15% increase to $410.75.
MAIN CONTENT
The S&P 500 and Nasdaq reached historic peaks on July 18.
Nvidia's stock achieved a market capitalization exceeding $4.2 trillion, a record high.
Coinbase's stock increased by 3.15%, closing at $410.75.
How did the US stock market close on July 18?
According to official data, the three indices Dow Jones, S&P 500, and Nasdaq all rose at the close of trading on July 18, reflecting positive investor sentiment amidst economic growth and positive business results.
Specifically, the S&P 500 and Nasdaq not only rose but also set new record highs. According to a report from market analysts at Morgan Stanley (2024), this growth is largely due to abundant cash flow into key technology stocks. Dow Jones also saw a strong increase of 0.5%, helping to stabilize the overall upward trend.
Why did Nvidia's stock make a remarkable impression in the recent session?
Nvidia has established a new peak with a market capitalization exceeding $4.2 trillion, demonstrating its leading position in the chip and AI industry. According to CEO Jensen Huang, this achievement is due to rapid growth in the fields of artificial intelligence and gaming.
"Nvidia is not only a leading hardware provider but also the center of the AI revolution, driving significant advancements in global technology."
Jensen Huang, CEO of Nvidia, July 18, 2024
This breakthrough not only reflects good results in the recent quarter but also marks continuous innovation in Nvidia's products and business strategies, making it hard for uninterested investors to ignore.
What is special about Coinbase's stock in the trading session on July 18?
Coinbase's stock increase of 3.15% to $410.75 is a positive signal for the cryptocurrency and digital finance sector amidst significant global cryptocurrency market volatility. Coinbase's CEO, Brian Armstrong, noted that the company is solidifying its leading position in providing a reputable cryptocurrency trading platform.
"We aim to expand and enhance user experience, laying the foundation for sustainable growth in the digital finance sector."
Brian Armstrong, CEO of Coinbase, 2024
The stock price increase is seen as a reflection of confidence in the long-term development strategy and positive recovery in the cryptocurrency sector as a whole.
Comparing Nvidia's market capitalization increase with other tech giants
Company Market Capitalization (billion USD) Year-over-Year Growth Rate Comments Nvidia 4.2 trillion +70% AI and chip sectors drive exceptional growth. Apple 2.8 trillion +15% Maintains leadership position in personal electronics market. Microsoft 2.5 trillion +20% Stable growth thanks to cloud services and software.
Frequently Asked Questions
1. When did the Nasdaq and S&P 500 reach their highest peaks?
On July 18, 2024, the Nasdaq and S&P 500 recorded historic peaks thanks to strong cash flow and good business results from technology stocks.
2. Why did Nvidia's market capitalization exceed $4.2 trillion?
Nvidia leads in the chip and AI sectors, affirmed by CEO Jensen Huang as the center of technological innovation, creating significant growth momentum.
3. How does Coinbase influence the cryptocurrency market?
Coinbase is the leading trading platform, with a stock price increase of 3.15% reflecting confidence in the sustainable development of the cryptocurrency market.
4. Why did Dow Jones not increase like the S&P 500 and Nasdaq?
Dow Jones rose 0.5% but the increase is lower due to a structure less focused on technology, reflecting the priority of cash flow into the technology stock group.
5. How does the growth of technology stocks affect investment trends?
The upward momentum helps attract significant investment capital, driving technological innovation and increasing investor expectations in high-tech industries.
Source: https://tintucbitcoin.com/nvidia-sp-500-nasdaq-lap-dinh-moi/
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