Wall Street closes mixed; Nvidia shares rise over 2.1%
The indices are on track to end the month with gains, breaking September’s historical trend.
On a day with no significant data releases, the major averages had mixed performances, with profit-taking following recent record highs.
The three main Wall Street indices had mixed results this Wednesday. With no notable economic data, the averages showed varying performances, and there was some profit-taking after recent all-time highs in two of them.
The Dow Jones Industrial Average, made up of 30 major companies, dropped 0.70% to 41,914.75 points, while the S&P 500, consisting of 500 components, lost 0.19% to 5,722.26 points. The tech-heavy Nasdaq edged up 0.04% to 18,082.21.
The indices are on track to end the month with gains, breaking September’s historical trend, following a series of record highs in the Dow Jones and S&P 500, thanks in part to last week’s Federal Reserve interest rate cut.
Among the top market performers, Meta Platforms (+0.88%) shares rose after announcing new developments at its Connect 2024 conference, including upgrades to its AI assistant.
Among other tech giants, chipmaker Nvidia’s shares (+2.18%) continued to rally after news that its CEO, Jensen Huang, halted his stock sales, ending his previous selling plan.
By sector, energy led the losses (-1.9%), coinciding with a drop in U.S. oil prices. Within the Dow Jones, the biggest losses came from Amgen (-5.46%), followed by Chevron (-2.36%).
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