Weak Jobs Report Lifts Nvidia, Nasdaq 100 to Record Highs: Stock Market Today
A weak September payrolls print pared bets on more Fed tightening, lifting both the Nasdaq 100 and Nvidia stock to record highs.
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Allegro MicroSystems shares are trading higher after RBC Capital initiated coverage on the stock with an Outperform rating and announced a $50 price target.
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RBC Capital Initiates Coverage On Allegro Microsystems with Outperform Rating, Announces Price Target of $50
Shares of semiconductor and chip companies are trading lower amid rising oil prices and bond yields, prompting inflation concerns. Also, declining memory chip companies may weigh on the broader industry.