Nvidia ended the trading day lower on the New York stock exchanges. On Tuesday, the company overtook Microsoft and Apple as the most valuable company in the world, but now that leading position is back with Microsoft.
Nvidia lost 3.5 percent on Thursday. This put an end to the price rise that the designer and seller of chips for artificial intelligence (AI) has made in recent days.
At Wall Street’s close, Nvidia was worth just over $3.2 trillion, while Microsoft was worth over $3.3 trillion. Apple closes the top three.
More benefits in US
Investors also processed new data about the American labor market. It showed that the number of weekly applications for unemployment benefits in the United States has reached 238,000. That was slightly more than experts expected. The situation on the labor market plays an important role in the Federal Reserve’s interest rate policy.
The Dow Jones index was 0.8 percent higher at 39,134.76 points at the end of the trading day on Wall Street. The broad S&P 500 fell 0.3 percent to 5,473.17 points and tech indicator Nasdaq lost 0.8 percent to 17,721.59 points. The American stock markets were closed on Wednesday, and on Tuesday the S&P 500 and the Nasdaq closed at new record levels.
The euro was worth 1.0703 dollars, against 1.0706 dollars at the close of the stock markets in Europe. A barrel of American oil cost 0.7 percent more at $82.17. Brent oil became 0.8 percent more expensive at $85.71 per barrel.