Dow Surges Over 450 Points Amid Mixed Tech Performance

1 min read
Source: Investor's Business Daily
Dow Surges Over 450 Points Amid Mixed Tech Performance
Photo: Investor's Business Daily
TL;DR Summary

The Dow Jones Industrial Average rose by 230 points, while the Nasdaq fell slightly. Nvidia's stock slipped from a record high but remains in a buy zone, and Alphabet's shares fell amid potential DOJ action. Economic indicators showed mixed results, with the Purchasing Managers' Index rising and consumer sentiment slightly below expectations. In crypto, Bitcoin neared an all-time high, and SEC Commissioner Gary Gensler announced plans to step down. Amazon increased its investment in AI, and several companies like NetApp and Elastic saw significant stock movements following earnings reports.

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