Stock Market Update: Nvidia Soars, OpenAI's Surprise, and Thanksgiving Anticipation!

Stay updated on stock market trends – Nvidia's earnings, OpenAI's CEO return, and Deere's challenges. Get insights before Thanksgiving break

Nov 22, 2023 - 08:43
Nov 22, 2023 - 08:44
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Stock Market Update: Nvidia Soars, OpenAI's Surprise, and Thanksgiving Anticipation!
Stock Market Update: Nvidia Soars, OpenAI's Surprise, and Thanksgiving Anticipation

Today, the stock market is getting a little higher before Thanksgiving. Big tech company Nvidia did really well in its recent earnings report. The Nasdaq 100 and S&P 500, which are like scores for the stock market, are going up a bit. But the Dow Jones Industrial Average is staying pretty much the same after going up in November.

S&P500

Nvidia's earnings were great, but people got a little worried because they said rules about selling computer chips to China might affect them. The stock went down a bit after the news but is up about 1% before the market opens.

Something surprising happened with OpenAI, the company behind ChatGPT. They said the person who was the boss, Sam Altman, is coming back after leaving just a few days ago. They are also bringing in new people for their board, including Larry Summers, who used to work for the government.

This decision is a big win for Microsoft, a company that supports OpenAI a lot. Their stock went up a tiny bit after the news.

One company having a tough time is Deere, a company that makes farming equipment. Their stock went down 6% because they said they might not make as much money, and that worries people.

There are also reports today about how many people are asking for help with money and how confident people feel about spending money. These reports come after the government had a meeting about how much interest people have to pay when they borrow money.

With Thanksgiving around the corner, things might be a bit slow in the stock market. On Thursday, the market is closed for Thanksgiving, and on Friday, it's open for a shorter time.

Also Read: Big News: Sam Altman is Back at OpenAI

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