US equities slumped early in the day but battled back late in the day on strong bids in Nvidia late to turn a 2% decline into a small gain. Amazon led the way all day as it climbed 4% in a breakout to a record high.
Closing changes:
- S&P 500 +0.2%
- Nasdaq Comp +0.5%
- DJIA +0.1%
- Russell 2000 -0.35%
US banks will be in focus after the close as the annual stress test numbers are due.
Update: Micron earnings after the hours haven’t been taken well, with shares down 6% and weighing on other chipmakers and futures.
This article was written by Adam Button at www.forexlive.com.
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