On Thursday, February 22nd, U.S. stock markets closed higher, fueled by investors flocking to growth and technology stocks following the impressive earnings and future projections of Nvidia Corporation (NASDAQ:NVDA).
In economic data, U.S. initial jobless claims dropped to 201,000, beating estimates of 218,000 for the week ending Feb. 17.
Meanwhile, February’s S&P Global flash manufacturing PMI rose to 51.5 from January’s 50.7, and the services PMI dipped to 51.3 from 52.5.
All except for one of the 11 key S&P 500 sectors experienced growth, with technology ...