The 6% Jump In Nvidia Stock Saved Nasdaq From Losses, Palantir Stock Up by 5%
Today stock markets had a bullish day, although Nasdaq nearly made it, with gains from the jump in the Nvidia and Palantir stocks which gained more than 5%.
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Traders remain on edge, closely monitoring the latest updates on Donald Trump’s policies, tariffs, and tax cuts, as political developments continue to drive market sentiment. This has led to sharp trading spikes followed by periods of consolidation, creating a volatile environment. However, stock markets remain resilient, with European indices such as the DAX 40 and the UK FTSE 100 closing at record highs. US markets also shrugged off weekend trade concerns, opening higher and maintaining gains throughout the session. Despite bearish gaps over the past two weekends, major indices have managed to recover, signaling that investors are adapting to the uncertainty surrounding US trade policies.
Tech Giants Nvidia and Palantir Lead the Charge
Two major tech stocks stood out in today’s session: Nvidia (NVDA) and Palantir Technologies (PLTR).
- Nvidia (NVDA) surged nearly 20% from Monday’s lows after finding support at the 100-day SMA (red). It posted a 6% gain today but faced resistance at the 50-day moving average.
- Palantir Technologies (PLTR) rallied over 5%, breaking its Friday intraday high record. The stock had previously bounced off its 50-day moving average, extending its recent uptrend.
Market Resilience Despite Trade Uncertainty
President Trump’s proposed tariffs on steel and aluminum imports, along with reciprocal duties on other nations, remain a key concern for investors. Despite this, markets appear to be adapting to the White House’s policy cadence, with tech stocks driving gains and broader indices showing continued strength. If momentum holds, further rallies could be expected, particularly in high-growth sectors like technology.
US Stock Market Close – Key Highlights
- Dow Jones Industrial Average:
- +167 points (+0.38%), closing at 44,470.
- Gains driven by strong performance in industrials and financials.
- Recovery from last week’s decline of -0.54%.
- S&P 500:
- +40 points (+0.7%), closing at 6,066.
- Broad-based gains, led by technology and consumer discretionary stocks.
- Rebounding after a -0.24% decline last week.
The US stock market ended on a positive note, as major indices rebounded following recent declines. While the Dow and S&P 500 showed solid gains, the NASDAQ lagged slightly, reflecting ongoing uncertainty in the tech sector. Investor focus now shifts to upcoming earnings reports and economic data, which will shape expectations for monetary policy and broader market trends in the coming weeks.
Nasdaq Live Chart
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