From Nasdaq: 2024-06-25 16:28:58

In a volatile day for the market, the Dow Jones Industrial Average dropped 299 points, ending its five-day winning streak. The S&P 500 and Nasdaq managed to break their three-day losing streak, boosted by Nvidia’s triple-digit gains. Despite a slightly lower consumer confidence reading of 100.4, tech stocks rallied.

Tesla’s popular model faces two recalls, while a Manhattan judge lifts former President Trump’s gag order. Sea stock undergoes a downgrade, while casino stock valuation is considered appropriate. The EV sector continues to struggle, according to analysts.

Oil prices fell, with August-dated WTI crude closing at $80.83 per barrel after a previous surge in prices. Gold also dropped in anticipation of Friday’s inflation data and rising Treasury yields, settling near $2,335.80 an ounce.



Read more at Nasdaq: Dow Snaps Win Streak as Nasdaq Bounces Back