Overview

The US stock market saw a mixed performance today, with the Nasdaq and S&P 500 rising while the Dow Jones fell. Tech stocks played a significant role in driving the market movements, with companies like Apple, Nvidia, and Tesla making notable gains or losses.

Nasdaq and S&P 500 Rise

The Nasdaq rose by 0.46% to 23,834.72, while the S&P 500 gained 0.17% to 6,851.97. Tech giants like Apple, Nvidia, and Tesla contributed to the positive performance of these indexes, with Apple jumping 2%, Nvidia climbing 1.8%, and Tesla surging 3%.

Dow Jones Falls

On the other hand, the Dow Jones fell by 0.48% to 47,336.68. Concerns about tech and AI, as well as specific issues with companies like Nvidia and Tesla, led to the decline in this index.

Market Sentiment and Volatility

The market sentiment was described as risk-off, with rising volatility indicated by the fear gauge VIX jumping 9%. Investors showed optimism about US-China trade tensions easing, which had a positive impact on the Nasdaq but did not prevent the Dow Jones from slipping.

Conclusion

In conclusion, today’s US stock market performance was characterized by a mix of gains and losses, driven largely by the tech sector. While the Nasdaq and S&P 500 saw rises, the Dow Jones experienced a fall, reflecting concerns about tech stocks and AI valuations.