Markets hover around record marks
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 20 May 2024
⏱️ 1 minutes
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Summary
Markets were mixed; Investors eye tech stocks this week as Microsoft announces AI computer; Cruise stocks are smooth sailing; Weight loss drugs boost online pharmacy service.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm Megan McCarty Carino. |
| 0:03.7 | Markets were mixed to kick off the week. The Dow dropped from its record high last week, |
| 0:08.6 | falling about half a percent. The S&P bumped up less than a tenth a percent, and the NASDAQ gained more than six tenths percent. |
| 0:16.0 | All eyes on artificial intelligence this week, as NVIDIA, the chipmaker powering the AI Boom, reports earnings Wednesday. Today Microsoft |
| 0:24.8 | announced a new line of computers that will incorporate AI into their |
| 0:28.6 | operating systems, part of its push to add the tech to its full product lineup. |
| 0:33.7 | Those machines will use chips from NVIDIA's competitor, Qualcomm. |
| 0:37.8 | Cruise stocks sailed up after Norwegian cruise line holdings raised its outlook for the year. |
| 0:43.7 | The industry was one of the hardest hit by the pandemic, but is now seeing record bookings. |
| 0:49.3 | And shares in Digital Pharmacy Hymns and Hers soared, after announcing it will offer GLP1 weight loss injections, |
| 0:56.7 | the same class of drug as the wildly successful Ozembic. |
| 1:00.4 | I'm Megan McCarty Karino with the Marketplace Minute. |
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