Nasdaq Hits Record After Nvidia Milestone

Wall Street found its footing today, with all three major indexes notching comfortable wins. The Dow and Nasdaq added triple digits, the latter closing at a record high with help from the tech sector. Chip behemoth Nvidia (NVDA) reached the first-ever market capitalization of $4 trillion, boosting the Magnificent Seven and tech stocks across the board. Investors are still on edge though, after President Donald Trump sent letters to six more countries detailing the latest tariff rates.

closing summary july9

nyse nasdaq july9

UVOL July9


OIL CHOPS AS U.S. CRUDE STOCKPILES INCREASE

Oil prices were essentially flat today, as tariff uncertainty fights a 7.1 million surprise uptick in U.S crude stockpiles. August-dated West Texas Intermediate (WTI) crude added five cents, or 0.1%, to settle at $68.38 a barrel.

Gold prices extended their slump as the U.S. dollar gained. August-dated gold futures shed 0.3% to settle at $3,306.10.


More By This Author:

Dow Flat Before Release Of Fed's Meeting Minutes
Stocks Slump Again As Tariff Whiplash Weighs
S&P 500, Nasdaq Tread Water On Mixed Tariff Messages
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.