US stocks close mixed. Dow down modestly. Nasdaq leads.

The major US stock indices are closing mixed with the Dow industrial average down marginally while the NASDAQ index leads the advances.

A look at the numbers shows:

• Dow industrial average -25.57 points or -0.06% at 42706.56.
• S&P index +32.91 points or 0.55% at 5975.38.
• NASDAQ index +243.30 points or 1.24% at 19864.98
• Russell 2000-1.82 points or -0.08% at 2266.64.

Nvidia CEO Jensen Huang will deliver a keynote address at CES 2025 on Monday at 6:30 p.m. PT. Rumors suggest the event will feature new GPUs for PCs, updates on robotics, AI cloud ventures, and possibly details about the next-generation “Rubin” chip which follows the Blackwell chip. From Tuesday to Friday, Nvidia will showcase advancements in AI, gaming, and automotive technologies.

Shares of Nvidia close at a new record level of $149.43 up $4.96 or 3.43%.. That surpassed the previous high on November 7 at $149.88.

In other big large-cap stocks:

• Microsoft +1.06%
• Amazon +1.53%
• Meta +4.23%
• Alphabet +2.65%
• Apple +0.67%
• Tesla +0.15%
• Dell +3.96%
• Boradcom +1.66%
• AMD +3.33%
• ARM Holding +4.49%

Some losers today included:

• Oracle -0.38%
• Palantir -4.97%
• Tencent -8.05%
• Lockheed Martin, -3.31%
• Northrop Grumman, -2.76%
• Palo Alto network, -2.07%
• General Dynamics, -2.02%

This article was written by Greg Michalowski at www.forexlive.com.