Nasdaq posts latest record close on Nvidia's China chip cheer
By David French
Tue July 15, 2025 4:00 PM
Some very good news from Nvidia that sent the Nasdaq to still another record close and had the index way up in the morning, but still not nearly good enough to offset the first of the week’s economic reports and Q2 which showed, contrary to hopes, that inflation was up and that tariffs were the reason, the first concrete evidence of the tariff effect. It sent all the indexes on a downward slope for the entire session with the Dow in substantial triple-digit losses and the Nasdaq losing almost all of its gains for the day.
This week, that was expected to be the big test for sentiment, has started out as a big disappointment with CPI seeing its biggest jump in 5 months. Investors still have the underlying assurance that inflation remains moderate despite today’s spike. As for Q2, the biggies JP Morgan, Wells Fargo, and Blackrock all fell, triggering Q2 on a less than optimistic note. Volume came in at 16.82 billion, still below the average of 17.55, but closer.
DJ: 44,459.65 +88.14 NAS: 20,640.33
+54.80 S&P: 6,268.56
+8.81 7/14
DJ: 44,023.29 -436.36 NAS: 20,677.80
+37.47 S&P: 6,243.76
-24.80 7/15
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