US equities finish on the highs as the bulls fight back

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.