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Stock market clears milestones, with tech firms driving surge

Other tech firms, including Microsoft and Meta saw significant gains as well.

Published: February 22, 2024 4:30pm

Updated: February 22, 2024 4:37pm

The DOW Jones Industrial Average on Thursday closed above 39,000 for the first time.

The key stock index surged 1.18% while the Nasdaq posted a 2.96% gain to close at 16,041.62, according to Yahoo. The S&P surged 2.11%.

Partially driving the stock surge was a boost in Nvidia shares, which rose 16.4%, per CNBC.

The software and chip manufacturer is particularly popular among gamers for its GPUs. Its Thursday gains saw the firm rise in value by a record $250 billion, Reuters reported.

Nvidia's surge followed the firm posting a strong quarterly report, the Wall Street Journal reported.

Other tech firms, including Microsoft and Meta saw significant gains on Thursday as well.

Ben Whedon is an editor and reporter for Just the News. Follow him on X, formerly Twitter.

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