Dow Jones DJIA and Nasdaq Extend Records After Nvidia’s $100B OpenAI Deal
Dow Jones and Nasdaq continued to print new record levels today, starting the week positive after the Nvidia-OpenAI deal.
Quick overview
- US equity markets, including the Dow Jones and Nasdaq, reached new record levels, buoyed by a positive start to the week following the Nvidia-OpenAI deal.
- Nvidia's announcement of a $100 billion investment partnership with OpenAI reignited enthusiasm for AI-linked stocks, driving momentum in the tech sector.
- Despite macroeconomic uncertainties, investors showed cautious optimism, contributing to a broad-based market advance with both large-cap and small-cap stocks participating.
- The Dow Jones Industrial Average found technical support along its 20-day simple moving average, suggesting potential for continued upward movement.
Live DOW Chart
Dow Jones and Nasdaq continued to print new record levels today, starting the week positive after the Nvidia-OpenAI deal.
A Celebration That Keeps Going
US equity markets remain in celebration mode, with fresh records set across the board. Despite opening weaker, indices quickly regained their footing, driven by mid-session buying and fear of missing out (FOMO), which pushed stocks higher into the close.
Nvidia Sparks Momentum
A major catalyst came from Nvidia, which reversed course and surged after unveiling a $100 billion investment partnership with OpenAI. The announcement reignited enthusiasm for AI-linked equities, helping the tech sector lead the broader rebound.
Market Performance and Sentiment
The day’s trading reflected broad-based resilience, with both large-cap tech names and small-cap stocks contributing to the advance. Though the gains were not evenly distributed across sectors, the overall tone pointed to a return of cautious optimism. Investors appear willing to add exposure, even as macroeconomic uncertainties and sector-specific risks linger.
Technical Support for the Dow
The Dow Jones Industrial Average continues to find stability along its 20-day simple moving average (SMA, gray), which is steadily pushing lows higher. This technical foundation underpins confidence that the index may extend its upward trajectory if momentum holds.
Dow Jones Chart Daily – The 20 SMA Acting As Support
US Markets End Higher as Indices Extend Gains
- S&P 500 finished at 6,693.75, adding +29.39 points (+0.4%), marking a steady continuation of its upward trend.
- Nasdaq Composite closed at 22,788.98, gaining +157.50 points (+0.7%), as tech stocks led the advance.
- Dow Jones Industrial Average (DJIA) ended at 46,381.54, up +66.27 points (+0.1%), showing modest strength compared to peers.
- Russell 2000 wrapped at 2,463.34, up +14.57 points (+0.6%), highlighting resilience in small-cap shares
Dow Jones Live Chart
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