Equity Alert
US indices at record highs; Intel up 23% on Nvidia investment
This story was originally published at 08:03 IST on 19 September 2025
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Equity Alert: US indices at record highs; Intel up 23% on Nvidia investment
MUMBAI--0745 IST--Indices in the US closed at record highs Thursday, a day after the US Federal Reserve cut its key interest rates by 25 basis point. Reports of a partnership between technology giants Nvidia and Intel pushed the Nasdaq Composite and the S&P 500 technology index higher.
The technology-heavy Nasdaq Composite closed nearly 1% higher. Shares of Intel jumped 23?ter Nvidia announced it will invest $5 billion in the former, according to media reports. Shares of Nvidia also rose and gained 3.5?ter it had closed lower in the previous session following a report that Chinese technology firms may stop buying chips from the company.
Initial claims for unemployment benefits in the US fell 33,000 during the week ended Saturday to a seasonally adjusted 231,000. This reading was lower than the 240,000 claims estimated by Reuters. Jobless claims had risen to 264,000 in the previous week.
Among stocks, shares of cybersecurity company CrowdStrike Holdings closed nearly 13% higher after nine brokerages raised their target price on the stock, according to a Reuters report. Meanwhile, shares of Darden Restaurants fell 7.7?ter its parent company, Olive Garden, missed quarterly profit estimates.
Following are the closing levels of US indices Thursday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6631.96 |
0.48 |
|
NASDAQ Composite |
22470.73 |
0.94 |
|
Dow Jones Industrial Average |
46142.42 |
0.27 |
(Eshitva Prakash)
US$1 = INR 88.13
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT]
End
Edited by Subhojit Sarkar
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