The Dow recovers 300 points, shares of Nvidia and Tesla rise

The Dow saw a bounce on Thursday morning after Wednesday 1,100 point jump That was the longest losing streak since 1974. The recovery came despite investors’ disappointment The Federal Reserve’s conservative approach to interest rate cuts. Other major indexes, including the S&P 500 and Nasdaq, also posted gains after a selloff on Wednesday afternoon.

Shortly after the market opened, the Dow Jones Industrial Average rose 341 points, or 0.8%. The S&P 500 and Nasdaq each gained 0.8%. Additionally, the 10-year Treasury yield rose more than 13 basis points to over 4.50%.

Shares of chip manufacturer Nvidia (NVDA+2.31%) rose 1.4% the morning after There was a sell-off earlier this week. Tesla (TSLA+2.19%) also rose 2.5% and traded at $452 per share.

Weekly jobless claims fell more than expected

Initial jobless claims fell by 22,000 to 220,000 in the week ending December 14, below economists’ expectations of 230,000 claims the Ministry of Labor.

Micron Technology shares fall 17%

Micron Technology shares (MU-17.06%) fell 17% on Thursday morning after the chipmaker posted weaker than expected guidance in its most recent earnings report. The stock traded at $86 per share, the worst performer in the S&P 500.

Other important earnings to keep an eye on

Accenture (ACN+6.96%) reported Its financial performance before the market opened exceeded revenue estimates due to increasing demand for its services that help customers adopt AI-powered tools. Shares rose 6% to trade at $369 apiece. Nike (NKE+0.51% and FedEx (FDX+0.55% will announce their earnings after the market ends.