Mixed day for US stocks, with Dow down, S&P up, Nasdaq up, awaiting key inflation data

From Nasdaq: 2024-06-26 09:34:00

U.S. stocks ended mixed on Tuesday, with the S&P 500 and Nasdaq breaking their losing streak, while the Dow recorded its worst day in a month. The Dow Jones Industrial Average fell 0.8%, the S&P 500 rose 0.4%, and the Nasdaq advanced 1.3%. Key inflation data is awaited later this week.

NVIDIA rebounded after a selloff, lifting the S&P 500 and Nasdaq. NVIDIA’s shares declined 6% the previous day, but rose 6.7% on Tuesday, impacting other tech stocks like QUALCOMM and Super Micro Computer. Mega-cap tech companies like Alphabet and Meta Platforms also saw gains.

Consumer confidence fell to 100.4 in June, while the S&P CoreLogic Case-Shiller U.S. National Home Price Index increased 6.3% year over year in April. Investors are awaiting key inflation data later this week for insights into the economy’s health and the Fed’s next move.



Read more at Nasdaq: Stock Market News for Jun 26, 2024