U.S. stock indexes edged back from their records, weighed down by a rare dip for Wall Street darling Nvidia, after a mixed set of reports on the economy.
U.S. stock indexes edged back from their records Thursday, weighed down by a dip for Wall Street darling Nvidia after a mixed set of reports on the economy. The Standard & Poor's 500 dropped 0.3% from its all-time high set before trading paused for Wednesday’s Juneteenth holiday. The Nasdaq composite also pulled back from its record and slipped 0.8%. The Dow Jones industrial average beat the market with a gain of 299 points, or 0.8%. Nvidia gave up an early gain and swung to a loss of 3.
86 points to 5,473.17. The Dow rose 299.90 points to 39,134.76, and the Nasdaq fell 140.64 points to 17,721.59. The supernova for AI stocks has helped mask some weakness underneath the surface in the market. That can be a worrying signal for market watchers, who would prefer to see a large number of companies pushing the market higher instead of just a handful.
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