TODAY'S MARKETS Nvidia’s stellar quarter boosted the chip maker’s shares Thursday, but failed to lift the broader U.S. stock market. The S&P 500 declined 0.7%. The Nasdaq Composite pulled back 0.4%. The Dow Jones Industrial Average slid about 600 points, or 1. Read More...
What Nvidia’s 10-for-1 Stock Split Will Mean for Investors
Alongside another blockbuster earnings report, Nvidia said it planned to split its stock. Here’s a look at what that means: + **Why is Nvidia splitting its stock?** The company said it wants to “make stock ownership more accessible to employees and investors.” A split lowers the per-share price of a stock, theoretically putting it in reach for more small investors (though nowadays, brokers offer fractional share trading, meaning this isn’t a big obstacle.) It is also marginally good news for bigger investors, who tend to prefer dealing in round lots of 100 shares at a time.
The Wall Street Journal•
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