Tech Stocks Lift Nasdaq and S&P 500, While Dow Falls

In today’s US stock market update, the Nasdaq and S&P 500 saw gains while the Dow Jones Industrial Average slipped. The Nasdaq rose by 0.46% to 23,834.72, and the S&P 500 gained 0.17% to 6,851.97. However, the Dow fell by 0.48% to 47,336.68.

Apple, Nvidia, and Tesla Drive Tech Higher

Key drivers of the tech sector’s rise included Apple, Nvidia, and Tesla. Apple’s stock jumped by 2%, Nvidia climbed by 1.8%, and Tesla surged by 3%, contributing to the overall increase in tech stocks.

Overall Market Performance

Despite the Dow’s decline, Wall Street remains on solid footing as the Nasdaq Composite is up by more than 22% this year. The S&P 500 has advanced more than 16%, while the Dow has climbed by 12% year-to-date.

Looking Ahead

Investors are closely watching Tesla’s shareholder meeting, where a vote on Elon Musk’s proposed trillion-dollar pay package is set to take place. The market continues to be impacted by ongoing trade tensions and economic uncertainties.