NASDAQ new record driven by Nvidia

It was a mixed close for US major stock indices.

• Dow Industrial Average average fell -216.73 points or -0.55% at 38852.87
• S&P index rose 1.32 points or 0.02% at 5306.03. That is short of its all-time high close reached last week at 5321.42
• NASDAQ index rose 99.09 points or 0.59% at 17019.88. It was the first close above the 17,000 level.

These small-cap Russell 2000 index fell -2.816 points or -0.14% at 2066.85. Higher rates weighed on that index today.

Nvidia shares led the way once again with a gain of $75.90 or 7.13% to $1140.59. The price is up 20.13% since earnings were announced on May 22. Nvidia’s market Is up to $2.806 trillion. That is just short of Apple’s market cap of $2.913 trillion.

Other large-cap stocks did not perform as well today:

• Meta Platforms+0.36%
• Amazon+0.77%
• Alphabet, +0.81%
• Microsoft, +0.04%
• Apple, positive 0.01%
• Tesla, -1.39%
• Netflix, +0.35%

Some of the bigger gainers

• Arm holdings, was 8.98%
• AMD +3.16%
• Dell, +3.68%
• Micron, +2.46%
• Decker Outdoor, +4.48%. It shares are up 19.29% since announcing earnings on Thursday was weak
• Home Depot rebounded 1.11% after closing lower 6of the last 7 days

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