Dow Jones Today: Major Indexes Hit New Record Highs as Federal Reserve Rate Decision Looms

Nvidia is World's Most Valuable Company—Watch These Levels

1 hr 28 min ago

Nvidia (NVDA) this week surged into the top position among the world’s most valuable companies by market capitalization, surpassing iPhone maker Apple (AAPL).

The stock was up 1.6% at around $148 in recent trading, after hitting another record high early in Thursday's session. Nvidia shares have risen nearly three-fold since the start of the year amid insatiable demand for the company’s family of AI chips.

The stock has traded mostly sideways to higher on low trading volumes since breaking out from a symmetrical triangle last month as investors look for future catalysts that may drive the AI favorite's next move.

Dow Jones Today: Major Indexes Hit New Record Highs as Federal Reserve Rate Decision Looms

Investors should monitor key lower price levels on Nvidia's chart around $144, $125 and $97, while watching an important higher level near $180.

Read the full technical analysis piece here.

Timothy Smith

Zillow Stock Soars After Earnings

1 hr 55 min ago

Zillow Group (Z) shares jumped more than 20% Thursday morning after the real estate company posted strong third-quarter sales gains and narrowed its losses.

Zillow reported third-quarter revenue of $581 million, up 17% year-over-year, and above the midpoint of the range the company had previously offered. Its net loss for the three months to Sept. 30 narrowed to $20 million, from a $28 million loss the same period last year.

Sales during the period outperformed the 2% total transaction value growth of the broader residential real estate industry, the listings site said, citing the National Association of Realtors (NAR).

Zillow is projecting fourth-quarter revenue in the range of $525 million to $540 million and said it is sticking with its forecast for full-year double-digit revenue growth.

The company’s stock has surged since it named a new CEO and reported better-than-expected second-quarter results, in early August. The shares are now up about 24% since the start of the year.

Dow Jones Today: Major Indexes Hit New Record Highs as Federal Reserve Rate Decision Looms

Nisha Gopalan

AppLovin Jumps 50% on Strong Earnings, Outlook

2 hr 55 min ago

AppLovin (APP) shares surged to a record high Thursday morning after the software maker’s third-quarter earnings and outlook for the fourth quarter each beat expectations.

The company, which partners with app makers to provide advertising and grow their user bases, reported $1.2 billion in revenue, a jump of nearly 40% from the same time last year and slightly better than analysts had expected. Net income came in well above estimates at $434.42 million, as analysts had projected $319.2 million.

For the fourth quarter, AppLovin projects $1.24 billion to $1.26 billion in revenue, above the $1.17 billion analysts had expected coming into the late-Wednesday earnings release.

AppLovin said its AI-powered advertising tools now make up nearly all of its "software platform" segment's revenue. The company's monthly active payers (MAP) figure, which counts each user who makes an in-app purchase in the quarter, fell to 1.6 billion users from 1.8 billion a year ago. However, its average revenue per MAP rose to $52 from $46.

Dow Jones Today: Major Indexes Hit New Record Highs as Federal Reserve Rate Decision Looms

AppLovin shares were up 47% in recent trading, boosting its year-to-date gains to more than 500%.

Aaron McDade

Tesla Levels to Watch After Post-Election Jump

4 hr 10 min ago

Tesla (TSLA) shares are down slightly this morning after surging Wednesday amid investor expectations that the EV maker could benefit from Donald Trump’s return to the presidency, as CEO Elon Musk has been one of the former president’s most prominent supporters.

The stock, which hit a 15-month high yesterday, was down 0.4% at around $287.50 in recent premarket trading. The stock has more than doubled since hitting its low for the year in April.

The stock has traded within an ascending triangle, a bullish chart pattern that indicates a continuation of the uptrend that started in April.

Investors should watch key overhead levels on Tesla's chart around $300 and $350, while monitoring important support areas near $265 and $230.

Read the full technical analysis piece here.

Timothy Smith

Futures Point to Higher Open for Major Indexes

5 hours ago

Futures tied to the Dow Jones Industrial Average were up 0.2%.

Dow Jones Today: Major Indexes Hit New Record Highs as Federal Reserve Rate Decision Looms

S&P 500 futures were also up 0.2%.

Dow Jones Today: Major Indexes Hit New Record Highs as Federal Reserve Rate Decision Looms

Nasdaq 100 futures were up 0.4%.

Dow Jones Today: Major Indexes Hit New Record Highs as Federal Reserve Rate Decision Looms

Take the Next Step to Invest Advertiser Disclosure × The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.

  • Related Posts

    Dow Jones Today: Stocks Rise in Early Trading as Chipmakers Surge; Broadcom Market Value Surpasses $1 Trillion

    Costco Rises After Earnings Top Expectations 23 minutes ago Costco Wholesale (COST) late Thursday reported earnings that beat analysts’ expectations, in its first quarterly results reflecting the impact of its…

    Best Jumbo CD Rates for December 2024: Up to 4.85%

    Skip to content Investing Stocks Cryptocurrency Bonds ETFs Options and Derivatives Commodities Trading Automated Investing Brokers Fundamental Analysis Markets View All Simulator Login / Portfolio Trade Research My Games Leaderboard…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Dow Jones Today: Stocks Rise in Early Trading as Chipmakers Surge; Broadcom Market Value Surpasses $1 Trillion

    • By admin
    • December 13, 2024
    • 2 views
    Dow Jones Today: Stocks Rise in Early Trading as Chipmakers Surge; Broadcom Market Value Surpasses $1 Trillion

    Colon Cancer Is Driven by Inflammation, Poor Diet — Here’s What to Eat Instead

    • By admin
    • December 13, 2024
    • 2 views
    Colon Cancer Is Driven by Inflammation, Poor Diet — Here’s What to Eat Instead

    Can TikTok’s Viral 12-3-30 Treadmill Workout Really Help You Lose Weight?

    • By admin
    • December 13, 2024
    • 2 views
    Can TikTok’s Viral 12-3-30 Treadmill Workout Really Help You Lose Weight?

    Senate Subcommittee Holds Hearing on Public Health Impacts of PFAS Exposures

    • By admin
    • December 13, 2024
    • 4 views

    Best Jumbo CD Rates for December 2024: Up to 4.85%

    • By admin
    • December 13, 2024
    • 4 views

    Best 1-Year CD Rates for December 2024: Up to 4.65%

    • By admin
    • December 13, 2024
    • 3 views