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S&P 500 hits 5,100 milestone for 1st time buoyed by

Nvidia earnings, Gift Nifty trades flat
US markets extend gains supported by Nvidia's $2 trillion market cap, European markets
also trade in green. Japan's Nikkei crossed its 1989 peak on February 22 while the Indian
indices were dragged down on February 23 owing to higher selling in the IT, metals and
banking

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FEBRUARY 23, 2024 / 10:49 PM IST (https://www.whatsapp.com/channel/0029Va2JvT3LtOj3x6oZcO1D) (https://news.google.com/publications/CAAqBwgKMJWwjwswq82iAw?
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The US-based chipmaker became the first semiconductor firm in the world to hit a $2 trillion market capitalisation, amid optimism over
%26P%20500%20hits%205%2C100%20milestone%20for%201st%20time%20buoyed%20by%20Nvidia%20earnings%2C%20
artificial intelligence-fuelled growth
ttps://www.moneycontrol.com/news/business/markets/sp500-
The S&P500 (https://www.moneycontrol.com/us-markets/) hit a new record on February 23, topping the
5,100 milestone for the first time, owing to Nvidia Corp’s big earnings announcement. The US-based
chipmaker became the first semiconductor firm in the world to hit a $2 trillion market capitalisation, amid
one-
optimism over artificial intelligence-fuelled growth.

The stock reported the largest ever single-day gain in market value with a $277 billion rise in market cap on
February 22; it extended gains on February 23, jumping further 5 percent.
d-
 The Dow extended yesterday’s gains by nearly 0.5 percent at 39,217.91 at 21:30 IST, fuelled by Nvidia’s
-feat. The Nasdaq Composite took a breather after the previous session’s 3 percent gain, trading flat at
ngs-
15,976.60 today.

The GIFT Nifty index (https://www.moneycontrol.com/news/tags/gift-nifty.html)on NSE IFSC was also

flat at 22,270.00 on February 23 evening.
s-

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