Stocks Hit Record Highs as Nvidia Earnings Boost AI Names
-
Dow Jones futures were little changed early Friday after a strong session Thursday, with Nvidia earnings sending its stock and other AI-related names soaring.
-
The S&P 500 and Dow hit record highs Thursday while the Nasdaq surged back above 16,000 as growth stocks rallied on optimism about AI and tech.
-
Key earnings movers after hours included MercadoLibre tumbling, Booking and Copart falling solidly while Carvana and Floor & Decor gained.
-
While there were some enticing entries Thursday, the market is looking extended again with risks of a pullback growing as bullish sentiment is now high.
-
Investors will want to be cautious about new buys and adding exposure with the market extended, but should keep refining watchlists and look beyond just tech.