Wall Street ends mixed, Nvidia shares slip after the bell
Wed November 20, 2024 7:25 PM
Tech took a big hit all day with the Nasdaq down nearly 300 points in the morning and the S&P not too far behind with a 60 point loss at 10:30, but both choppily recovering to near break-even at close. The Dow was on a rocky course bouncing back and forth several times between 200 point losses and break-even before finally breaking through in the 11th hour and gaining 139 at close.
The explanation for all this volatility remains the same – rising Russian/Ukraine tensions tugging against anticipation of Thursday’s Nvidia report and concerns that the AI craze can be sustained. The post-election euphoria continues to abate with the VIX rising to 17.24, its highest since the election and volume continuing to fall below the 4-week average, today coming in at 13.2 vs an average of 14.3 billion. Tomorrow, Nvidia will tell the story.
DJ: 43,268.94 -120.66 NAS: 18,987.47
+195.66 S&P: 5,916.98
+23.36 11/19
DJ: 43,408.47 +139.53 NAS: 18,966.14 -21.32 S&P: 5,917.11 +0.13 11/20
No comments:
Post a Comment