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NewsWPLG Local 10 – Main FeedAugust 27, 2026Miami-Dade

Tech stocks rise as Nvidia and Salesforce report AI-driven profit growth

Technology stocks led a market rally on Thursday following strong quarterly earnings reports from Nvidia and Salesforce, both of which cited high demand for artificial intelligence products. Despite the tech gains, the broader market saw a majority of S&P 500 stocks decline amid ongoing concerns regarding inflation and consumer spending.

stock marketartificial intelligenceinflationeconomyinterest rates
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Why It Matters

Market performance impacts retirement accounts, investment portfolios, and broader economic sentiment for residents and businesses.

Key Facts

  • The S&P 500 rose 55.29 points to 7,730.99.
  • The Dow Jones Industrial Average added 105.56 points to 53,569.44.
  • The Nasdaq composite rose 411.16 points to 26,541.35.
  • Nvidia stock rallied 8.7% following strong quarterly profit and revenue reports.
  • Salesforce stock rose 22.6% after reporting strong demand for AI and data products.
  • Best Buy stock fell 4.4% amid concerns over consumer spending and inflation.
  • Dollar General stock rose 2.5%, while Dollar Tree stock fell 3.9%.
  • The yield on the 10-year Treasury rose to 4.67%.
  • The price of a barrel of Brent crude oil rose 1.8% to $88.52.

Who's Mentioned

organizationAnthropic“AI company partnering with Salesforce.”organizationNvidia“Tech company reporting strong AI-driven revenue growth.”personJensen Huang“CEO of Nvidia.”personMarc Benioff“CEO of Salesforce.”organizationSalesforce“Tech company reporting strong quarterly results and AI demand.”organizationU.S. Treasury Department“Intervened in the bond market last week.”personKevin Warsh“Chairman of the Federal Reserve.”