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The Nasdaq Composite advanced 2. The tech-heavy index is within shouting distance of its all-time closing high of 16, The Dow Jones Industrial Average surged Shares of Nvidia popped Nvidia, which has become one of the largest U. Other tech names were also higher.

Sp500 cnbc

Skip Navigation. Investing Club. Investors can still find discounts even as stocks climb to fresh all-time highs. The two benchmarks were also on pace for strong weekly gains. A blowout earnings report from chipmaker Nvidia helped lift the broader market in the second half of the week, especially the technology sector. However, the rise was fairly broad, with health care and industrial segments of the market also hitting record-high closes on Thursday. Despite the market rally, there are some relative bargains out there for investors. CNBC Pro screened FactSet data to scan for stocks that meet the following criteria: Shares trade at a discount relative to their sector and industry. American Airlines made the list. Despite the strong gain for the airline firm, shares are still reasonably priced compared to the wider industrials sector of the market. Citi upgraded American Airlines stock to buy from neutral last month, with analyst Stephen Trent pointing to the company's effort to pay down debt and low capital expenditures as catalysts for strong growth in the post-pandemic era. Despite the gain, it trades at relative discounts to the energy sector and oil industry. The company beat Wall Street earnings estimates for the fourth quarter earlier this month, even as lower oil prices dampened revenue.

The company will put in place a "modest" at-the-market offering in the coming weeks, CFO Robert Lane told analysts during the company's earnings call, sp500 cnbc.

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A bull market — by two definitions — is here. As of Friday, it crossed another bull market threshold when it surpassed its previous high. But experts say it also deserves a word of caution: Past performance is not indicative of future returns. The index is a market cap-weighted index, which means each company's weighting is based on its market capitalization, or the total value of all outstanding shares. Information technology represents the largest sector , with A recent rally of big tech names has helped push the index to its recent highs.

Sp500 cnbc

The Dow Jones Industrial Average gained The tech-centric Nasdaq Composite rose 0. Stocks bounced after the Federal Reserve released the minutes from its June meeting, showing that the central bank was committed to bringing down inflation. Fed members said the meeting on July 26 and 27 likely also would see another or basis point move, the minutes showed. A basis point is one one-hundredth of 1 percentage point. Defensive plays and utilities were some of the best performers on Wednesday. Shares of Northrop Grumman jumped 3.

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Stocks opened higher on Thursday, boosted by the hope that artificial intelligence will continue to drive economic growth after Nvidia's blockbuster earnings. The two benchmarks were also on pace for strong weekly gains. Nvidia and other artificial intelligence darlings, including Meta Platforms, powered the broader market last year, while other stocks underperformed. Part of that underperformance stems from a group of Dow members bucking the broader market's ascent. Existing home sales topped estimates in terms of total units but fell short in the rate of change, according to a National Association of Realtors report Thursday. A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products in Isfahan, Iran on November 08, The Brent contract for April added 64 cents, or 0. Crude oil futures rose Thursday amid signs of a tightening global market and as the geopolitical outlook in the Middle East remains uncertain. Walgreens was the worst performer in the stock index, sliding 1. The geopolitical outlook in the Middle East remains uncertain as the U.

Traders took a pause from the rebound rally and turned their attention to inflation data due out on Friday.

Despite the gain, it trades at relative discounts to the energy sector and oil industry. The geopolitical outlook in the Middle East remains uncertain as the U. Salesforce led the index higher with a rally of around 3. More than 75 employers were taking resumes and talking to prospective new hires at a career fair in Lake Forest, CA on Wednesday, February 21, That's below the forecast of It's the current market leader for supplying computer chips used for AI research and products. The chipmaker's blowout quarter could further boost confidence in the space that has benefited the broader market. However, he cautioned that investors should keep an eye on inflation, which has the potential to hurt the positive sentiment if it proves stickier than markets were anticipating. The number of individuals in the U. Investors can still find discounts even as stocks climb to fresh all-time highs.