US market update: Dow gains whilst Nasdaq slips as Nvidia falls
About three hours into Thursday's session, the Dow Jones was higher, the Nasdaq Composite was lower and the S&P 500 was almost unchanged, with Nvidia down more than 2%.
Wall Street has been open for roughly three hours, and the main US indices are moving in different directions. The Dow Jones was higher, the tech-heavy Nasdaq Composite was in the red, and the S&P 500 was close to flat. All figures below are mid-session and will change before the close.
Indices
- S&P 500: was trading at 7717.42, down 0.02% on the previous close
- Dow Jones: was trading at 52064.58, up 0.86%
- Nasdaq Composite: was trading at 26538.59, down 0.58%
- Sterling/dollar: was at $1.3256 per pound, down 0.01%, so the pound was broadly unchanged against the dollar
Stock movers
Among the stocks we track, the picture was mixed.
Risers
- Microsoft: was trading at $539.64, up 1.11%, the strongest gain among the stocks we track
- Apple: was trading at $344.05, up 0.32%
Flat
- Alphabet: was trading at $347.65, unchanged on the previous close
Fallers
- Nvidia: was trading at $216.04, down 2.38%, the largest fall among the stocks we track
- Tesla: was trading at $359.83, down 2%
- Amazon: was trading at $252.66, down 0.56%
- Meta Platforms: was trading at $734.10, down 0.47%
In the news
- Headlines this afternoon report that a tech sell-off continued on Wall Street on Thursday. Investors were said to be worried that forecast-topping US inflation data could lead the Federal Reserve to raise interest rates again.
- Live market coverage reports that the Dow rose on surprise inflation data whilst the Nasdaq contained its losses. The same report says Nvidia, Micron and AMD sold off on AI fears.
- Separate reports describe AI stocks retreating, with interest rates remaining a concern for investors.
In summary, the Dow was higher, the Nasdaq was lower and the S&P 500 was little changed mid-session, with reports pointing to inflation and interest-rate worries weighing on tech stocks.
Figures are indicative and may be delayed. This is general information, not advice.
This content is general information, not personal financial advice. Tax rules, rates and allowances can change; check the latest position on gov.uk.