Live Coverage of Today’s Stock Market: Nasdaq Ends Higher, Dow Jones Falls Behind; Nvidia and Adobe Make Notable Gains

Stocks ended the week with a mixed performance, as the major indexes showed only modest changes on Friday. The Dow Jones Industrial Average saw a slight decline, while the Nasdaq managed to eke out a small gain by the end of the trading day.

The Dow closed the session with a 0.2% loss and remained below its 50-day moving average. The S&P 500 was relatively unchanged, while the Nasdaq reached a record high with a slight increase in the final minutes of trading.

The small-cap Russell 2000 performed worse than the major indexes, falling 1.6% and slipping below its 50-day line. The Dow ended the week with a 0.6% loss and dropped below its 10-week moving average. In contrast, the Nasdaq posted a 3.2% weekly gain, while the S&P 500 rose 1.5% for the week.

Volume increased on the Nasdaq but declined on the NYSE, with decliners outnumbering advancers on both exchanges. Howmet Aerospace (HWM) saw a 5% decline after being downgraded by Northcoast Research. Cruise line stocks, including Carnival (CCL), Norwegian (NCLH), and Royal Caribbean (RCL), tumbled on news of Greece capping cruise ship visits to popular islands.

Netflix and Nvidia hit new highs, with Netflix reaching a buy zone and Nvidia rising to a record high. Adobe (ADBE) surged after a strong earnings report, while consumer sentiment fell below consensus. The market showed mixed results as investors assessed various factors impacting different sectors.

Overall, the stock market closed the week with mixed performance, reflecting ongoing uncertainty and changes in various industry sectors. Investors continue to monitor key indicators and news events to make informed decisions about their investment strategies.