Major stock indexes had a mixed close on Wednesday, with the Dow Jones Industrial Average leading the day, the Nasdaq lagging, and the S&P 500 dipping lower. Nvidia recovered from morning losses and regained a key level. Meanwhile, Tesla experienced additional losses.
Stocks lost strength in afternoon trading, with the Nasdaq closing down 0.5%, the Dow gaining 0.1%, and the S&P 500 shedding 0.2%. The Russell 2000 climbed 0.3%. In the New York Stock Exchange, volume modestly increased, while it fell on the Nasdaq compared to the previous day.
The Invesco QQQ Trust slumped 0.5%, while the Innovator IBD 50 ETF bumped up 0.2%. Investor sentiment data showed bullish forecasts rising and bearish sentiment dropping. The 10-year Treasury yield and crude oil prices rose. Gold shares gained back losses, while Bitcoin’s price was over $73,300.
Nvidia and Tesla stocks were among the notable movers. Southern Copper and Freeport-McMoRan saw gains, while Cava Group and Owens Corning experienced losses. Williams-Sonoma surged after a positive earnings report, while Dollar Tree faced losses. Celsius stock climbed after a price target raise. 3M was the biggest gainer in the Dow Jones industrials.
