Broader stock indices snatch defeat from the jaws of victory

The broader stock indices have snatched defeat from the jaws of victory. The S&P and NASDAQ are ending the day down about -0.34% each. Those declines came after each of the indices were up solidly as Powell finished his press conference.

At session highs:

• Dow Industrial Average average was up 533.27 points. It is ending the day up -87.35 points or 0.23% at 37903.28
• S&P index was up 60.42 point at session highs. It is ending the day down -17.30 points or -0.34% at 5018.40.
• NASDAQ index was up 268.40 points at session highs. It is ending down -52.34 points or -0.33% at 15605.48.

The small-cap Russell 2000 was up 43.79 points at session highs. It is ending the day up 6.32 points or 0.32% at 1980.22.

Some of the individual winners and losers:

• Meta Platforms rose $8.93 or 2.08%
• Amazon rose $3.86 or 2.21%
• Nvidia fell $-33.99 or -3.93%
• Google rose $1.01 or 0.62%
• Microsoft rose $5.80 or 1.49%
• Apple fel $1.03 or -0.60% ahead of earnings after the close tomorrow
• Tesla fell $-3.28 or -1.79%

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