Dell's Strong Earnings Help Lift Markets Amid Geopolitical Concerns
On September 2, the U.S. stock market saw modest gains as major indexes ended multi-day losing streaks despite ongoing geopolitical tensions. The Dow Jones Industrial Average rose by 0.56%, while the S&P 500 and Nasdaq Composite gained approximately 0.47% and 0.45%, respectively. Dell Technologies (NYSE:DELL) was a standout performer, with shares surging nearly 16%. The company raised its annual revenue forecast after reporting strong Q3 results, including an AI-Optimized Server business that doubled in revenue to $95 billion in backlog orders. Meanwhile, Nvidia led the technology sector's recovery and is expected to report earnings later. Other notable developments included a federal judge ruling against breaking up Alphabet’s adtech operations but limiting some of its practices. Snowflake (NYSE:SNOW) saw gains after hours following strong results, while Broadcom (NASDAQ:AVGO) declined due to disappointing guidance.
Tickers: $AVGO $DELL $GOOG $GOOGL $NVDA $PANW $SNOW
Topics: AI growth earnings reports geopolitical tensions stock market