The major US indices are ending the session with mixed results. The Dow industrial average is marginally lower. The S&P is near unchanged. The NASDAQ index is marginally higher.
A snapshot of the closing levels shows:
- Dow industrial average fell -86.06 points or -0.20% at 43828.06. The NASDAQ closed lower for the 7th consecutive day (down 2.82%). For the trading week, the index fell -1.82%
- S&P index fell -0.16 points or -0.0% at 6051.09. For the trading week the index fell -0.64%.
- NASDAQ index rose 23.88 points or 0.12% at 19926.72. For the trading week the index squeaked out a small 0.34% gain.
For the small-cap Russell 2000, the index fell -14.18 points or -0.60% at 2346.89. For the trading week the index fell -2.5778.
Today Broadcom soared 24.43% after reporting earnings and raising guidance. The gains came at the expense of Nvidia which fell -2.25%.
Other large-cap names to do well today:
- Microsoft, -0.51%
- Amazon -0.66%
- Meta -1.66%
- Alphabet, -1.11%
Tesla meanwhile rose 4.34% to a new record level
This article was written by Greg Michalowski at www.forexlive.com.