US equity close: Strong finish as Nvidia hits $4 trillion | Forexlive

Closing changes:

• S&P 500 +0.6%
• Nasdaq +0.9%
• Russell 2000 +1.0%
• DJIA +0.5%
• Toronto TSX Comp +0.3%

It was a big day for technology stocks as Nvidia led the way and reached a $4 trillion market cap — the first time any company has ever done that. After a strong start, US stocks fell nearly flat before steady bids led to a strong close.

Homebuilders, Boeing and Caterpillar were other strong performers in a day that saw both Google and Amazon quickly shake off negative headlines. That kind of resilience is a positive sign going forward but I will be keeping an eye on bitcoin in the day ahead to see if it can touch a new high.

After hours, the WSJ reported on a roughly $3 billion deal to buy the cereal-maker Kellog (KLG) and shares of that company shot 50% higher.

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