The Dow Jones Industrial Average rose over 500 points in Thursday afternoon trading, driven by gains from Salesforce, IBM, and Goldman Sachs.
Snowflake shares increased by more than 30% following a strong revenue report, boosting Salesforce and other software stocks.
In contrast, Alphabet’s shares fell sharply after the Justice Department suggested forcing Google to divest its Chrome browser amid ongoing antitrust proceedings.
Nvidia’s shares saw modest gains after fluctuating but did not meet some investors’ high expectations despite reporting strong results and positive outlooks.
Bitcoin high
Bitcoin reached an intraday peak above $98,000, fueled by optimism for crypto-friendly policies from President-elect Donald Trump.
U.S. stock indices were generally positive, with the Dow up over 1%, followed by the S&P 500, and a slight increase in the Nasdaq.
Crude oil prices rose over 1% following reports of a Russian missile launch into Ukraine, though this claim was not confirmed by Western officials.
Shares tied to cryptocurrency experienced volatility, with MicroStrategy surging nearly 15% before reversing to trade lower after reaching a record high the day prior.
