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US stock market report – Apple gains for 8th straight day

Picture of Drew Meredith, CFP
Drew Meredith, CFP
Picture of Drew Meredith, CFP

Drew Meredith, CFP

Drew Meredith is one of the founders of Wattle Partners. He is an experienced financial and investment adviser with expertise in self-managed superannuation funds, superannuation strategies, investment analysis and portfolio construction. Drew is a Partner at Wattle Partners.
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The positivity continued in US stock markets despite growing political pressure on Russia, with President Biden calling for the country to be kicked out of the G20 at the same time as offering gas reserves to Europe. The group have indicated gold transactions are also caught under sanctions, sending the commodity price higher.

The result was a strong performance from the Nasdaq, up 1.9%, with the S&P 500 gaining 1.4% and the Dow Jones up 1.0%.

Apple’s streak continues, NVIDIA surges

Apple (NASDAQ: AAPL) closed 2.3% higher, the 8th straight day of gains, while shares in chipmaker NVIDIA (NASDAQ: NVDA) soared 9.8% to be among the top performers in the market.

The economic data is sending mixed messages with jobless claims hitting 187,000, the lowest since 1969, but goods orders falling 2.2% in February.

Meanwhile, the Russian sharemarket delivered a 4% return after opening for the first time in over a month.

US stock market movers

Here’s how other popular US stocks fared on Thursday.

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Wattle Partners is a financial advice firm, servicing clients around Australia, specialising in retirement planning (pre and post retirement). 

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