Making Financial Headlines · Page 9
Nasdaq rallies without waiting for Nvidia's permission
· New York time
US technology shares bounced at the start of the week, lifting the Nasdaq Composite 2.7%. All three major averages rose even though Nvidia did not join the rally. A prominent company missed out while a wider group of stocks advanced. An index combines many companies, so its direction need not match every constituent. Investors can be enthusiastic about some technology shares without expressing the same view about all of them. That distinction becomes useful when a closely watched stock starts to stand in for an entire sector. The market's collective report card was positive for the day, but the group grade did not require unanimous participation. Nvidia turned in a different assignment, and the Nasdaq moved on without asking the class star to lead the procession.
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