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Market Mayhem: Dow and S&P Take a Hit, But Nasdaq Defies the Trend with a 0.56% Surge

Market Mayhem: Dow and S&P Take a Hit, But Nasdaq Defies the Trend with a 0.56% Surge

October 26, 2024 Catherine Williams - Chief Editor News

US ⁣Stock‍ Market Closes Mixed as Nasdaq Rises

On the 25th (local time), the⁣ U.S. stock market closed mixed due to Nasdaq’s​ lone rise. According to Market Watch and CNBC,⁣ the⁢ NASDAQ closed at 18,518.61 on the New York Stock ‌Exchange (NYSE) on this day, up 103.12 points (0.56%) from the ​previous day.

The Nasdaq’s rise was largely responsible for the increase in technology stocks. Nvidia closed at $141.54 per share,‍ up 0.80% from the previous day, and Metaplatforms closed at $573.25, up 0.96%. Stocks such as Amazon and Microsoft also⁤ rose.

On​ the other hand, the Dow Jones Industrial Average and Standard & Poor’s (S&P) 500‌ index fell. The Dow fell 259.96 points (0.61%) from the previous day, closing at 42,114.40. The S&P 500 index also ​fell slightly by 1.74 points (0.03%) from the previous ​day, closing at 5808.12.

Some stocks plummeted in the aftermath of ‍the hurricane. In the case of HCA Healthcare, its stock price fell‌ by as much⁣ as 8.75% on this day, closing at $363.55 per share. Colgate-Palm Olive stock prices also‌ plummeted by more than 4% on this day.

Tesla’s stock price, which soared more than 20% the previous day, continued its upward trend today, rising ​3.36% ⁢during ‌the day. The closing price is $269.23 per share.

With today’s close, the S&P 500 and​ Dow​ ended their six-week consecutive ​upward trend. On the ⁢other hand, Nasdaq rose by about 0.2% this week, continuing its upward trend for⁢ seven consecutive weeks.

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