Dow Jones Industrial Average, Nvidia and Stocks
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Stock futures pointed slightly lower Tuesday, a day after major indexes surged to begin the holiday-shortened week, as Nvidia and other semiconductor shares fell on a report Meta Platforms may use Google's AI chips in their data centers.
NASDAQ gained strong upside momentum as traders rushed to buy tech stocks. Broadcom, which was up by 10.3%, was the best performer in the NASDAQ index today. Micron and Tesla were among the biggest gainers in today’s trading session.
The (DJIA) gained a volatile 550-plus points on Tuesday, rallying out of an early volatility spat as investors rolled with the punches on conflicting headlines.
Shares of Merck and UnitedHealth are seeing strong returns Tuesday morning, sending the Dow Jones Industrial Average into positive territory.
Major stock indexes closed sharply higher Friday, but nevertheless posted weekly losses on concerns about AI spending and valuations of big tech firms.
U.S. stocks traded mixed this morning, with the Dow Jones gaining more than 250 points on Tuesday. Following the market opening Tuesday, the Dow traded up 0.61% to 46,729.44 while the NASDAQ fell 0.28% to 22,808.72. The S&P 500 also rose, gaining, 0.08% to 6,710.34.
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