As the trading day wrapped up, it was a mixed bag for the major US indices. The Dow Jones Industrial Average slipped slightly, the S&P 500 hovered around its previous level, and the NASDAQ inched upwards.
Here’s a quick look at where things stood at the close:
The Dow ended the day down by 86.06 points, or 0.20%, closing at 43,828.06. Over the trading week, the Dow experienced a 1.82% decline, continuing its seven-day losing streak with a 2.82% drop for the week.
The S&P 500 was almost flat, shedding just 0.16 points, or 0.00%, to finish at 6,051.09. This week, it dipped by 0.64%.
On the flip side, the NASDAQ managed to climb 23.88 points, or 0.12%, ending at 19,926.72. It eked out a modest weekly gain of 0.34%.
The small-cap Russell 2000 didn’t fare as well, dipping 14.18 points or 0.60% to close at 2,346.89, marking a weekly fall of 2.58%.
In corporate news, Broadcom stole the spotlight, jumping 24.43% after impressive earnings and a positive update on future guidance. This rise, however, seemed to come at Nvidia’s expense, which saw its shares drop by 2.25%.
Several big names also had notable moves today:
– Microsoft slipped by 0.51%
– Amazon was down 0.66%
– Meta experienced a 1.66% drop
– Alphabet declined by 1.11%
On a brighter note, Tesla surged 4.34%, reaching a new all-time high.
