Stocks close mixed

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 23 February 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

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Summary

AI-tech juggernaut Nvidia’s stock hit $2 trillion in market cap in intraday trading; Biden Administration announces new sanctions against Russia; Reddit files for an IPO.

Transcript

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0:00.0	This is the Marketplace Minute. I'm Mitchell Hartman. After a market surge yesterday,
0:05.8	stocks closed mixed on Friday to end the week. The Dow rose just over a tenth of a percent.
0:11.2	The S&P 500 was up less than a tenth of a percent, the S&P 500 was up less than a tenth of a percent, while the
0:15.0	NASDAQ fell nearly three-tenths percent.
0:18.8	Shares in AI chipmaker, NVIDIA, rose at one point to give the company more than $2 trillion in market cap.
0:26.1	That's after it delivered blockbuster earnings earlier in the week.
0:29.7	Only Microsoft and Apple are worth more.
0:32.7	The Biden administration is ramping up sanctions against Russia after the death of opposition
0:37.7	leader Alexi Navalny in prison.
0:40.4	More than 500 individuals and entities are targeted, including some in third countries.
0:46.4	And social media site, Reddit, has filed for an initial public offering under ticket symbol
0:51.6	RDDT. The company claims more than 70 million average
0:55.8	daily active users. I'm Mitchell Hartman with the Marketplace Minute. You're going to.

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