The iShares Semiconductor ETF (NASDAQ:SOXX) jumped 2.3%, leading sector gains. NVIDIA Corp. (NASDAQ:NVDA) hit fresh record highs, reaching $141 per share during the morning session.
The Nasdaq 100 outperformed major indices, while small caps underperformed as the Russell 2000 faced resistance at a key technical level. The Dow briefly touched a record high of 43,289 points before pulling back slightly.
On the macro front, September retail sales exceeded expectations, and jobless claims fell last week, reinforcing views of strong economic resilience. However, this also slightly hit hopes for Fed rate cuts as economists voiced doubts about the need for further easing in November.
The U.S. dollar strengthened, with the dollar index (DXY) climbing to levels last seen in early August. The euro fell 0.4% as the European Central Bank cut interest rates amid weak economic data and ongoing disinflation.
Bitcoin (CRYPTO: BTC) eased 0.4%, taking a breather after four consecutive sessions of gains.
Thursday’s Performance In Major U.S. Indices, ETFs
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Thursday’s Stock Movers
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