Dow slips 0.26% as Nasdaq and S&P 500 gain on tech strength

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Dow slips 0.26% as Nasdaq and S&P 500 gain on tech strength
PrimeXBT Editorial Team
Reviewed by PrimeXBT

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The Dow Jones Industrial Average closed Friday down 0.26% while the S&P 500 and the Nasdaq Composite both rose. Technology, industrials and consumer goods led the gains, and consumer services, financials and healthcare led the losses.

The Dow Jones Industrial Average lost 0.26% at the close on Friday, even as the S&P 500 climbed 0.65% and the Nasdaq Composite climbed 1.46%. U.S. stocks ended mixed, with technology, industrials and consumer goods shares higher and consumer services, financials and healthcare lower.

Nvidia leads the Dow, Salesforce trails

Within the Dow, Nvidia rose 3.61% to 188.15 at the close. Honeywell added 2.02% to end at 220.13, and Caterpillar was up 1.19% to 560.24 in late trade.

On the downside, Salesforce fell 3.62% to 214.36. Nike declined 2.46% to end at 38.59, while Home Depot was down 1.99% to 342.99.

Airbnb and AMD pace the S&P 500

Among S&P 500 names, Airbnb rose 12.03% to 190.60, NRG Energy was up 11.54% to settle at 89.85, and Advanced Micro Devices gained 11.48% to close at 450.82. Axon Enterprise, however, was down 18.00% to 313.69 in late trade, Microchip Technology lost 9.31% and Insulet was down 7.31%.

Rising stocks outnumbered decliners on the New York Stock Exchange by 1623 to 1193, and on the Nasdaq 2045 rose while 1295 declined.

Volatility, oil and gold

The CBOE Volatility Index was down 14.25% to 24.14.

In commodities, December gold futures fell 0.96% to $4,074.05 a troy ounce. December crude oil rose 0.22% to $90.72 a barrel, while the January Brent contract fell 0.13% to $98.16 a barrel.

Source: Investing.com

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