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Nasdaq Soars on Nvidia, Tesla; India Markets Slide

1/6/2025

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Summary

Story summary

The Magnificent Seven stocks, like Nvidia and Tesla, drove significant gains for the Nasdaq and S&P 500 in 2024.
Nvidia's stock surged after exceeding earnings expectations, while Tesla's deliveries missed forecasts.
In India, stock indices opened lower; ITC announced plans for a hotel business spin-off, and HDFC Bank reported mixed quarterly growth.

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Story summary

The Magnificent Seven stocks, like Nvidia and Tesla, drove significant gains for the Nasdaq and S&P 500 in 2024.
Nvidia's stock surged after exceeding earnings expectations, while Tesla's deliveries missed forecasts.
In India, stock indices opened lower; ITC announced plans for a hotel business spin-off, and HDFC Bank reported mixed quarterly growth.