Microsoft is once again the most valuable company after the fall in Nvidia’s share price

Nvidia lost 3.5 percent on Thursday. At the close of Wall Street, Nvidia was worth just over $3.2 trillion, while Microsoft was worth more than $3.3 trillion. Apple closes the top three.

Investors continued to process new data on the US labor market. He showed that the number of weekly applications for unemployment benefits in the United States has reached 238,000. This was a little more than experts expected. The labor market situation plays an important role in the Federal Reserve’s interest rate policy.

The Dow Jones index rose 0.8 percent to 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 the Nasdaq technology indicator lost 0.8 percent to 17,721.59 points. American stock markets closed on Wednesday and on Tuesday the S&P 500 and the Nasdaq closed at new record levels.

Dell fell 0.4 percent, causing price gains from earlier in the day to evaporate. CEO Michael Dell said on X that the computer and server maker is building a ‘Dell AI factory’ with Nvidia for Elon Musk’s AI company xAI. Super Micro Computer will also supply servers to xAI, Musk reported. Super Micro Computer closed down 0.3 percent after rising earlier in the day.

American pharmaceutical company Gilead rose 8.5 percent. The company showed good results in the first large trial of its HIV drug, Lenacapavir. Gilead claims the drug can prevent 100 percent of HIV infections among women and adolescents in Africa. The medication only needs to be injected twice a year. Gilead hopes this will make the drug much easier to use than other HIV drugs.

The euro was worth $1.0703, compared to $1.0706 at the close of European stock markets. A barrel of US oil costs 0.7 percent more, at $82.17. Brent oil rose 0.8 percent to $85.71 per barrel.

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