Wall Street ends up as investors focus on Nvidia results
Tue August 27, 2024 5:25 PM
Concerns about Nvidia continue to abound with a very high bar set to avoid a crash through the AI sector. The Dow was hit heaviest, down about 140 points until about 12:30 p.m., then recovering throughout the afternoon to close about even. The S&P and Nasdaq stayed mostly barely above water closing with modest gains. Despite the skepticism over Nvidia, the AI star player regained most of its losses from yesterday with a gain of 1.5% awaiting its report tomorrow, making it the day’s most heavily traded company. Today’s consumer confidence report came in at a 6-month high and the hotly awaited PCE data is coming Friday. Volume was way below the 4-week average of 11.9 billion, coming in at 8.6 billion.
DJ: 41,240.52 +65.42 NAS: 17,725.77 -152.03 S&P: 5,616.84 -17.77 8/26
DJ: 41,250.50 +10.00 NAS: 17,754.82 +29.05 S&P: 5,625.80 +8.96 8/27
Tue 8-27-24 5:25 pm Wall Street ends up as investors focus on Nvidia results | Reuters
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