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Live Nasdaq Composite: NVDA, TSLA Rise as Markets Lick Wounds

Key Points

  • The markets are licking their wounds after yesterday’s historic sell-off.

  • Nvidia’s gains are lifting tech boats.

  • Tesla is also recovering with gains after a Wall Street endorsement.

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Live Updates

After Rollercoaster Day, All Major Indexes Close Down

| Gerelyn Terzo

After a rollercoaster day that saw the Nasdaq climb into the green, investors sold into the close. Here’s how major indexes looked at the end of the trading day:

  • Dow Jones Industrial Average: Down 478.23 (-1.14%)
  • S&P 500: Down 42.49 (-.75%)
  • Nasdaq Composite: Down 32.22 (-.18%)

Some of the biggest winners on the day include:

  • Super Micro Computer: Up 10.7%
  • Southwest Airlines: Up 8.3%
  • CrowdStrike: Up 6.8%
  • Vistra: Up 5.4%
  • GE Vernova: Up 5.2%

You’ll notice that group is extremely heavy on stocks in the AI trade. All those stocks have been beaten down recently despite positive industry developments.

Southwest was among the biggest winners after announcing changes to its baggage policy. Wall Street cheered the changes as they could drive revenue.

Markets Narrow Losses

| Gerelyn Terzo

As of 2 p.m. ET, most major indexes have narrowed their losses for the day, but are still in the red. The Nasdaq Composite is down .20% while the Dow Jones Indutrial Average is down 1.27%.

All 11 sectors in the S&P 500 are down today. The ‘top’ performing sector is Information Technology, which is down .79%.

On the other end of the spectrum, Industrials are down 1.80%.

Some stocks that have been beaten down the most during the current sell-off are seeing stronger performance today. NVIDIA (Nasdaq: NVDA) is up 1.8% while Tesla (Nasdaq: TSLA) is up 2.39%.

All Major Indexes Now Down

| Gerelyn Terzo

After the Nasdaq opened the day in the green, all major indexes are now down.

As of 10:30 a.m. ET, the Nasdaq Composite is down .38% while the S&P 500 is down .65% and the Dow Jones Industrial Average has dropped 1.05%.

The biggest anchor on the Nasdaq is Apple (Nasdaq: AAPL), which is down 2.30%.

Fresh tariffs on Canada have driven sentiment lower early in the trading day, we’ll see if stocks continue to sell-off as the day goes or whether a relief rally is on the horizon.

The markets are recovering from yesterday’s massive sell-off by starting today as a mixed bag. After the worst performances from the Nasdaq Composite and S&P 500 in several years, both indexes are showing fractional movement in either direction while the Dow Jones Industrial Average slides a bit further. Wall Street’s AI darling and a Mag 7 stock Nvidia (Nasdaq: NVDA) is helping sentiment today, rising 2.6% at last check and lifting some of its tech peers.

NVDA stock as well as Broadcom (Nasdaq: AVGO) were helped by analysts at Bernstein, who reiterated their “outperform” ratings on both stocks, advising investors to pounce on any dip.

Tesla (Nasdaq: TSLA) shares are also popping with a 3.6% gain after yesterday’s double-digit-percentage drop. President Trump has come out swinging against Tesla boycotters, announcing he would be buying an EV for  himself in support of Elon Musk, whose net worth was slashed by $29 billion in yesterday’s market sell-off. Morgan Stanley analysts have reiterated their overweight rating on Tesla stock, calling the pullback in the stock a “buying opportunity.” With the exception of Apple (Nasdaq: AAPL) stock, which is falling about 2%, each of the Mag 7 stocks started the day in the green.

Southwest Airlines (NYSE: LUV) is gaining 2.5% on the day after revealing it would begin charging customers for checked bags in a first for the airline.

Here’s a look at the performance as of morning trading:

Dow Jones Industrial Average: Down 303.11 (-0.74%)
Nasdaq Composite: Up 23.62 (+0.11%)
S&P 500: Down 20.02 (-0.34%)

Market Movers

Meta Platforms (Nasdaq: META) is testing an in-house chip for AI systems, sending the stock about 2% higher on the day.

Netflix (Nasdaq: NFLX) is gaining 2.6% on the day after growing subscribers by 24 million in H2 2024.

Kohl’s (NYSE: KSS) stock is among the biggest losers today, falling over 16% on a disappointing profit and revenue outlook.

Athletic apparel company Nike (NYSE: NKE) stock is falling 2% today despite a positive analyst note. Barclays analysts consider NKE stock an “equal weight” rating, saying that the “fundamental bottom” is near. Nike reports its quarterly results later this month.

By Gerelyn Terzo Updated Published
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Live Nasdaq Composite: NVDA, TSLA Rise as Markets Lick Wounds

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