S&P 500 Approaches 6,000 As Euro and US Stock Markets Close Higher
Earlier today the sentiment was negative after Nvidia’s Earnings and stock market dipped lower, but they reversed and ended the day higher once again, which shows that the pressure remains to the upside.
The trading day concluded with major European markets posting gains, breaking recent losing streaks. The German DAX led the recovery, climbing 0.75% and snapping a four-day slide. Early in the U.S. session, indices opened lower, reflecting initial risk aversion. However, as European and London traders exited, the tone shifted, with U.S. markets turning mixed.
Closing levels for Main European Bourses
The NASDAQ index was around 1% down at one point in the day but ended the day in gains, while the Dow Jones and S&P 500 managed to push higher since the start. Momentum picked up further as the “Trump trade” narrative gained traction, fueling buying activity across multiple asset classes. Bitcoin surged alongside the U.S. dollar and equities, signaling renewed optimism. Among U.S. indices, the small-cap Russell 2000 outpaced its peers, delivering solid gains and bolstering the overall market sentiment by the close.
Nvidia’s stock rose by $1, reaching $146.67, marking a 0.5% increase after a day of volatile trading. The company reported earnings in line with expectations after the market closed yesterday. Meanwhile, Alphabet faced a challenging day, with shares falling by $8, or approximately 5%, to settle at $167 as antitrust investigations loom.
Closing Prices for Main US Indices
- Dow Industrial Average: +461.88 points (+1.06%) at 43,870.35
- S&P 500 Index: +31.6 points (+0.53%) at 5,948.71
- NASDAQ Index: +6.28 points (+0.03%) at 18,972.42
- Russell 2000 Index: +38.48 points (+1.65%) at 2,364.01
S&P500 Live Chart
ABOUT THE AUTHOR
See More
Sidebar rates
Add 3442
Related Posts
SaveAdd 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals