"Market Update: Nasdaq Surges, Boeing Plunges, and Nvidia Makes Waves"

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Source: Investor's Business Daily
"Market Update: Nasdaq Surges, Boeing Plunges, and Nvidia Makes Waves"
Photo: Investor's Business Daily
TL;DR Summary

The Dow Jones Industrial Average reversed higher with a broad rally, while Nvidia cleared a buy point and Cathie Wood of Ark Invest bought shares of Palantir Technologies despite its 28% plunge. Other stocks like DexCom and Golub Capital also cleared buy points. The S&P 500 and Nasdaq composite were strong, with technology and consumer discretionary leading the upside. Boeing stock plunged after the Federal Aviation Administration ordered the temporary grounding of the 737 Max 9 jet, while other components like Salesforce and Intel boosted the Dow.

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