US Stocks Surge on Strong Earnings from Nvidia and Salesforce
The US stock market closed higher on Thursday, driven by strong earnings from Nvidia and Salesforce. The Dow Jones Industrial Average rose 0.20% to 53,569.44, while the S&P 500 advanced 0.72% to 7,730.99 and the Nasdaq Composite increased 1.57% to 26,541.35.
Nvidia shares climbed 8.74% after beating analyst expectations with Q2 revenues more than doubling year-on-year, topping forecasts by the widest margin in two years. The chipmaker guided for strong revenue growth ahead, putting it on track to break its recent pattern of selling off after strong results.
Salesforce closed 22.58% higher after delivering Q2 revenues that came in ahead of Wall Street estimates, while identity-management firm Okta added 28.63% on the back of booming demand linked to agentic AI.