Friends
It was another uninspired trading session as stocks drifted in negative territory throughout the day only to slide slightly into positive territory at the close (at least the Dow and the S&P 500 did). In fairness, traders are laser focused on Nvidia’s earnings report after the close today. The chip maker has been the most notable highflyer in the last year ever since AI and became the market growth driver. So, we’ll see if it is the market driver tomorrow morning.
In the meantime, for the day the Dow Jones Industrial Average was up 48 points to close at 38,612. The S&P 500 was up 6 points to finish the day at 4,981. The Nasdaq Composite Index was down 49 points to close at 15,580. Gold was down $3 to trade at $2,036 per ounce, while oil was up $.96 to trade at $78.00 per barrel WTI.
It will be interesting not only to see how Nvidia moves after its earnings report, but even more interesting to see is whether Nvidia’s fate determines the market and especially Nasdaq’s fate. We’ll let you know how it all plays out tomorrow.
Have a nice evening everyone.
