US Stock Market Today: Dow Jones rises 25 pts, Nasdaq zooms past 17,650 as Tesla, NVIDIA aid relative recovery—Tech stocks stronger

view original post

US Stock Market Close (March 12), Dow Jones, S&P 500, Nasdaq: Wall Street blue-chip indices Dow Jones Industrial Average (DJIA) and S&P 500 registered mild gains while the American technology stocks-heavy Nasdaq Composite jumped amid choppy trade on Wednesday. While a softer-than-expected consumer inflation reading supported investor sentiment somewhat, the overall mood remained rather cautious in the US share market amid back and forth with US President Donald Trump’s trade tariffs and retaliatory action by major trade partners of the world’s largest economy.

What supported the gains and what kept investors on the edge?

Buying interest in technology, communication services, consumer discretionary and energy shares aided the partial recovery, following the Dow’s 3.2 per cent fall in the past two days, but selling pressure in consumer staple and healthcare stocks limited the upside.

Uncertainty surrounding the 47th US President’s take on trade tariffs have kept investors on the back foot, also causing ripples across major markets elsewhere around the globe.

Among blue-chip stocks Tesla Inc was last seen trading 7.8 per cent higher at $248.5 apiece while NVIDIA Corp was up 6.4 per cent at $115.7 apiece. 

US Stock Market on Monday, March 12 | Here is how Dow Jones, S&P 500 & Nasdaq fared

At 2:36 pm Eastern Time on Wednesday (12:06 am in India on Thursday), this is where the main American indices stood:

  • DJIA: up 24.5 points, or 0.1 per cent, at 41,458
  • S&P 500: up 38.1 points, or 0.7 per cent, at 5,610.2
  • Nasdaq: up 232.3 points, or 1.3 per cent, at 17,668.4

ALSO READ: New York-based bourse operator Nasdaq plans 24-hour round the clock trading

Top Dow Gainers vs Losers

Twelve stocks in the 30-scrip Dow universe were trading in green territory.

Stock

CMP ($)

Change (%)

NVIDIA Corp

115.7

6.4

Salesforce Inc

284.4

2.7

Boeing Co

157.5

2.2

3M Co

150.7

2.2

American Express Co

260.5

2

Johnson & Johnson

162.9

-1.8

Walmart Inc

85.5

-2.2

Apple Inc

215.8

-2.3

Procter & Gamble Co

169.1

-2.3

McDonald’s Corp

298.4

-2.7

Now, let’s take a look at some of the top gainers and losers in the tech stocks-driven Nasdaq basket. 

Top Nasdaq Gainers vs Losers

Here’s how some of the prominent names fared:

Stock CMP ($) Change (%)
Micron Technology Inc 96.2 8
Tesla Inc 248.5 7.8
Palantir Technologies Inc 83.7 7.2
Intel Corp 20.6 4.4
Netflix Inc 922 3
Meta Platforms Inc 620.8 2.5
Alphabet Class A 167.1 1.9
Alphabet Class C 169.1 1.9
Amazon.com Inc 199.1 1.3
Microsoft Corp 383.9 0.9
Cognizant Technology Solutions Corp 80.3 -2.7
Regeneron Pharmaceuticals Inc 692.1 -3.6
Mondelez International Inc 65.3 -3.7

ALSO READ: ‘India won’t be spared from Washington’s reciprocal tariffs, I told Modi…,’ says Donald Trump; Musk criticises Biden administration

With inputs from agencies

Catch key stock market updates here. For all other news, visit Zeebiz.com.