The Dow Jones Industrial Average (^DJI) was dragged lower in Tuesday's session, falling by 216 points and below 39,000. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) hold onto gains, the latter more notably rising above 17,000 for the first time ever. Nvidia (NVDA) shares hit their own all-time high intraday. Market Domination Overtime's Julie Hyman recaps the day's stock market index performances, while Jared Blikre breaks down the biggest winners and losers across sectors. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
Nvidia stock jumped on news that Elon Musk's xAI venture is buying Nvidia AI chips for a powerful new supercomputer.
The Nasdaq closed higher after a brief pullback, while the Dow Jones Industrial Average and the S&P 500 closed lower but off the day's lows in the stock market today. The Dow Jones index fell nearly 0.6%, off more than 200 points. The Dow closed below its 50-day moving average for the first time since May 3, and ended below the 39,000 level.