Tech stocks drive S&P 500 up 0.1% and Nasdaq hits record high

From Nasdaq: 2024-05-21 09:35:00

U.S. stocks ended mixed, with the Dow slipping after surpassing 40,000 last week and Nasdaq closing at a record high. The Dow Jones Industrial Average fell 0.5%, while the S&P 500 rose 0.1%, driven by tech gains. The tech-heavy Nasdaq climbed 0.7%, with NVIDIA leading the rally ahead of its earnings report. Concerns about the timing of the Fed’s interest rate cuts lingered. Stocks gained momentum last week, but the market is closely watching for the Federal Reserve’s next moves. No major economic data was released on Monday, but investors are anticipating the release of the Fed’s last FOMC meeting minutes on Wednesday. Check out the link for more details.



Read more at Nasdaq: Stock Market News for May 21, 2024