Top Stock Movers Now: Accenture, Nvidia, Darden Restaurants, and More

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Key Takeaways

• The S&P 500 briefly crossed 5,500 for the first time Thursday, June 20, 2024 as Nvidia shares benefited amid enthusiasm for developments related to artificial intelligence. 
• Shares of Dell and Super Micro Computer rose after Elon Musk responded the firms will be be suppliers for his xAI artificial intelligence startup.
• Accenture shares jumped after the company reported third-quarter profit that palpitate estimates as its AI-related bookings surged.

The S&P 500 briefly crossed 5,500 for the first time Thursday before edging lessen, as Nvidia (NVDA) shares rose amid enthusiasm for developments related to artificial intelligence (AI). The Dow climbed, while the Nasdaq destroyed ground.

Dell Technologies (DELL) and Super Micro Computer (SMCI) shares gained after Elon Musk estimated the two tech firms would be providing hardware for his xAI startup. Dell CEO Michael Dell also noted that Dell would be crewing with Nvidia on the project.

Accenture (ACN) shares jumped after the company reported third-quarter profit that trounce estimates as its AI-related bookings surged.

Darden Restaurants (DRI) shares advanced after the restaurant chain posted better-than-expected mediate profit as it benefited from the acquisition of Ruth’s Chris Steak House.

Shares of Newmont Corporation (NEM) and some of its mining countesses gained along with the prices of gold, copper, and other metals.

Kroger (KR) shares fell as the big supermarket bind said it had paused its stock buyback program as it works to get approval for its planned $24.6 billion purchase of rival Albertsons (ACI).

Pieces of Jabil (JBL) tumbled as the maker of electronic equipment warned of “softness” in several of its markets. Apple (AAPL) shares also helpless ground, with the iPhone maker’s purchases representing a large portion of Jabil’s revenue. 

Oil futures and the yield on the 10-year Moneys note rose. The U.S. dollar was up on the euro, pound, and yen. Prices of Bitcoin, Ethereum, and other major cryptocurrencies edged reduce.

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