S&P 500 Hits Snooze Button as Dow Parties with Nvidia
The S&P 500 was basically like that friend who says 'I'm coming' but never shows up — flat and pulling back after flirting with record highs. Tech stocks threw shade, dragging the index down from its high-wire act.
Dow Jones Throws a Party
Meanwhile, the Dow Jones Industrial Average was living its best life, climbing 391 points thanks to Nvidia's star power. While S&P was snoozing, the Dow was flexing its muscles for a fifth day straight.
Nvidia: The Life of the Market Party
Nvidia shares popped 4% after Elon Musk declared SpaceX’s love for their AI processors. Apparently, SpaceX is now officially Nvidia’s biggest fan club. Sorry other chips, you’re just not invited to this exclusive AI party.
Tech Stocks Throw a Drama Fest
Advanced Micro Devices and Alphabet took a nosedive with AMD slipping 6% and Alphabet dropping 4%. Alphabet even lost its chief AI scientist, Jeff Dean, who’s off to start his own tech adventure. Talk about a plot twist!
Copper Hits Record Highs, Because Why Not?
Copper climbed to its highest price since 1988, probably because even metals want to join the market excitement. It’s up nearly 19% this year—who knew metal could be such a showoff?
Disney’s Earnings: A Mixed Bag with a Side of Magic
Disney’s results got a thumbs-up from Wall Street, with shares jumping over 3%. New CEO Josh D’Amaro is shaking things up, selling off stakes and simplifying the empire. Even Mickey Mouse is impressed!
Oil Prices and Global Drama Spice Things Up
Oil prices bounced back after a Saudi tanker got a little too much attention in the Red Sea. Meanwhile, talks about reopening the Strait of Hormuz kept traders on their toes. Markets might be flat, but the drama is anything but!