Nvidia (NVDA) reversed from record highs after Chief Executive Jensen Huang unveiled new artificial intelligence initiatives at CES 2025. Despite the setback, the tech-heavy Nasdaq composite rose 0.5% in morning trades.
The Labor Department’s JOLTS job openings survey showed that job openings unexpectedly rose to 8.098 million in November, surpassing expectations of 7.65 million.
Among exchange-traded funds, the Invesco QQQ Trust (QQQ) fell 0.5%, while the SPDR S&P 500 ETF (SPY) moved down 0.2% after the open. The Dow Jones Industrial Average rose 0.1%.
Oil prices remained high at $74.05 per barrel, and Tesla stock edged higher Monday but declined 0.9% in morning trading.
Dow Jones leaders included Amazon (AMZN), Apple (AAPL), and Microsoft (MSFT). American Express (AXP) is building a flat base with a buy point of 307.82, while Boston Scientific (BSX) has a tight area with a correct buy point of $1,068.34.
Nvidia shares are trying to break out past a double-bottom’s buy point of 146.54 after rallying 3.4% on Monday.
Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-nvidia-nvda-stock-ai-products