At the time of review, the S&P 500 index was up 0.3 percent, the Nasdaq index was up 0.5 percent, and the Dow Jones index was up 0.2 percent.
A semiconductor company Broadcom reported the result of the fourth quarter of its financial year, which sent the stock up. The result exceeded analysts’ forecasts and the turnover of the company’s artificial intelligence operations increased by 220 percent.
The group’s earnings per share were $1.42, when LSEGThe analyst expectation collected by , was $1.38. Total revenue slightly missed estimates, coming in at $14.05 billion, compared to analysts’ expectations of $14.09 billion. In connection with the results report, the company gave positive comments about next year’s prospects.
Broadcom’s stock was up almost 20 percent after trading for a while.
Tesla announced a new feature in China that allows the car to autonomously move from a parking space to a nearby location, while remaining in the driver’s line of sight. The news caused Tesla’s stock to rise.
Tesla’s share was up about 0.3 percent after trading for a while.