Current Stocks on the Move: Accenture, Nvidia, Darden Restaurants, and Others

The S&P 500 briefly surpassed 5,500 for the first time on Thursday, driven by Nvidia’s positive performance in the AI sector. Dell and Super Micro Computer saw gains after Elon Musk announced their partnership with his AI startup, xAI. Accenture shares also rose following strong third-quarter earnings, largely attributed to increased AI-related bookings.

Additionally, Darden Restaurants saw an uptick in shares after posting better-than-expected adjusted profits, boosted by the acquisition of Ruth’s Chris Steak House. Newmont Corporation and other mining companies experienced growth alongside rising metal prices.

Conversely, Kroger shares took a hit as the supermarket chain paused its share buyback program to focus on securing approval for its planned acquisition of rival Albertsons. Jabil and Apple also saw declines, with Jabil citing market softness and a significant portion of revenue tied to Apple purchases.

Oil futures and the 10-year Treasury yield saw increases, while the US dollar strengthened against the euro, pound, and yen. On the other hand, prices of major cryptocurrencies like Bitcoin and Ethereum fell.

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