S&P 500, Nasdaq open higher after Nvidia’s blowout forecast

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(Reuters) – The S&P 500 and the Nasdaq gained at open on Thursday after a stellar forecast from Nvidia (NASDAQ:NVDA) boosted investor confidence in an artificial intelligence (AI) boom and lifted shares of major technology and growth stocks.

The Dow Jones Industrial Average fell 33.15 points, or 0.10%, at the open to 34,439.83. The S&P 500 opened higher by 19.15 points, or 0.43%, at 4,455.16, while the Nasdaq Composite gained 113.28 points, or 0.83%, to 13,834.31 at the opening bell.