MarketWatch, Trending stocks
Major stock indexes continued their November march higher ahead of the Thanksgiving holiday, while oil prices fell.
Meanwhile: Another day, more tech drama. OpenAI said Sam Altman will return as chief executive of the artificial intelligence startup, ending a standoff that began when the board fired him last week. Nvidia shares slipped a day after it reported blockbuster sales of chips used in AI.
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Marketwatch:
Major stock indexes continued their November march higher ahead of the Thanksgiving holiday:
Microsoft (MSFT): Shares hit a record high Monday
Nvidia (NVDA): Shares were down 2.9%.
Autodesk (ADSK): Shares sank 6%
HP (HPQ): HP stock rose 5% #stocks pic.twitter.com/mi3j2Lgawc— The_Journalbiz (@the_journalbiz) November 22, 2023
Factset chart
Microsoft (MSFT): Shares hit a record high Monday after the software giant said it was hiring recently ousted OpenAI Chief Executive Sam Altman, then pulled back a touch Tuesday. Now Altman is back at his old job, and Microsoft shares edged higher again in morning trading.
Nvidia (NVDA): The company reported record sales, pointing to strong demand for chips that underpin artificial intelligence applications. Shares were down 2.9%.
Autodesk (ADSK): Shares in the computer-aided design specialist sank more than 6% after Autodesk reported disappointing results late Tuesday.
HP (HPQ): HP stock rose 4.5% in morning trading after the computer and printer maker reported a decline in revenue.
Urban Outfitters (URBN): The retailer said it is sitting on a large amount of inventory after disappointing sales at its namesake brand. Its stock fell 10%
