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Similarly to Monday’s trade, the Dow industrial average is closing softly higher. The S&P index is near unchanged quality NASDAQ index is lower.
Looking at the closing levels of the indices:
- Dow industrial average rose by 537.05 points 1.03% at 52752.28
- S&P rose 15.60 or +0.21% that 7428.77
- NASDAQ index fell -55.17 points or -0.22% at 24876.91
- Russell 2000 index rose 5.76 points or 0.20% at 2953.80
- NASDAQ 100 fell -276.08 points or -0.98% at 27763.13.
Although the NASDAQ index is lower on the day, it did erase a decline of -351.08 points at session lows. Chip and AI stocks still suffered as investors continue to be squeezed out after the too good to be true gains seen the first 6 or so months of the trading year. Even so, stocks like SanDisk which tumbled $180 or -14.02% today 363% on the year (closed 2025 at $237).
Other highflyers with similar patterns include
- Marvell lower by -7.8% today but still up 105% for the year
- Intel is lower by -5.56% today but still up 134.62% for the year
- AMD lower by -8.16% today, but still up 112% year
- Nebius lower by -9.8% today, but up 102.62% for the year
- Dell lower by -8% today, but up 211% for the year
- Micron lower by -8.85% today, but up 188% the year
- ARM Holdings lower by -8.11% today, but up 123.9% for the year.
That may be trouble down the road if the decline starts to pick up more steam in that sector.
This article was written by Greg Michalowski at investinglive.com.
