Tech Stocks Surge as Nvidia's Earnings Propel Nasdaq to Record Highs
Nasdaq's performance contrasts with a mixed week for other indices amid inflation concerns and economic data.
- Nvidia's exceptional earnings report drove tech stocks higher, pushing the Nasdaq to new records.
- The S&P 500 had a small weekly gain, while the Dow Jones experienced its worst session in over a year.
- Mixed economic data and inflation fears influenced market sentiment, impacting non-tech sectors.
- Retailers report slowing consumer spending due to rising interest rates and inflation pressures.
- The SEC's approval of steps toward Ethereum ETFs hints at growing regulatory acceptance of cryptocurrencies.