Nasdaq wins on Nvidia’s “rebound

Nasdaq wins on Nvidia’s “rebound

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In particular, the S&P 500 gained 0.41% to 5,470.08 points and the Nasdaq advanced higher by 1.28% to 17,720.05 points. In contrast, the Dow Jones lost 315 points, or 0.76%, to close at 39,112.16.
It is worth noting that Nvidia gained more than 6%, while in the previous session, the stock fell more than 6%, posting the biggest daily decline since April 19, when it lost 10% .
Nvidia’s losses sent the Nasdaq down more than 1% on Monday (6/24), its biggest daily drop since April.
Meanwhile, several major technology companies rallied after Monday’s decline, with Amazon, Meta and Google up more than 1%.

Meanwhile, SolarEdge Technologies fell 21% after announcing plans for a private offering of $300 million in convertible bonds, while Pool Corp also fell 7.7% after its estimates were revised down.

The oil went down

Oil prices fell on Tuesday as weak US consumer confidence data rekindled concerns about the economic outlook and the path of demand in the coming months.

The August crude contract lost 80 cents, or 1%, to $80.83 a barrel, while Brent for the same month fell $1, or 1.2%, to $85.01 a barrel.

Both contracts gained about 3% last week, completing two consecutive weekly gains and rising to their highest levels since April.

Data released today showed that consumer confidence fell in June, while last month’s reading was also revised downward.

Specifically, the Conference Board’s consumer confidence index fell to 100.4 in June from a revised low of 101.3 in May, beating analysts’ estimates of 100.0.

#stocks #indicators #Nvidia #artificial_intelligence

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