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<US>DJIA Ends Up 559 Pts or 1.2% to Record Close; Chips Weigh on Nasdaq
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US stocks were in a mixed bag, with the DJIA setting a new record close, as the market anticipated the end of the US federal government shutdown. The Nasdaq was dampened by downswing in AI-related stocks, as the market once again worried about the valuation of these shares. The DJIA leaped 559.33 points or 1.18%, closing at 47,927.96. The S&P 500 gained 14.18 points or 0.21%, closing at 6,846.61. The Nasdaq dipped 58.87 points or 0.25%, closing at 23,468.3. SoftBank disclosed the sale of its Nvidia (NVDA.US) shares, with the latter slipping by nearly 3%, making it the top loser among DJIA constituents. Cloud computing company CoreWeave (CRWV.US) trimmed its full-year revenue forecast, with its stock plunging 16%. Pharmaceutical stocks were favored, with Merck (MRX.US) and Amgen (AMGN.US) soaring 4.8% and 4.6%, respectively, as the top gainers among DJIA constituents. Among other stocks, Apple (AAPL.US) spiked 2.2%, while Advanced Micro Devices (AMD.US) and Arm Holdings (ARM.US) fell off 2.7% and 3.3%; ASML (ASML.US) shed 1.6%, and Tesla (TSLA.US) lost 1.3%. AASTOCKS Financial News Website: www.aastocks.com |
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