As Stock Market Dips, Two Key Stocks Stand Out
The stock market may post a positive week after Friday trading is finished, but the stock indices are down compared to Thursday morning, showing a loss of momentum.
The slightly positive Federal Reserve meeting on Wednesday gave the stock market indices a boost, but the steam has started to run out of that event. The Fed said it would likely issue two more interest rate cuts this year, estimated to both be quarter percentage points. However, there would be no immediate rate cut. That was enough to spur the stock market to higher prices for a short period.
That mid-week boost could be enough for both the Dow and the S&P 500 to come out positive for the week. If so, that would be the first time in over a month that this has happened. By the time Thursday trading closed off, the S&P 500 had climbed by 0.42% for the week overall. If Friday trading continues on its current trend, this index will remain elevated.
As trading finished on Thursday, all stock indices were down, as were a number of top stocks. Microsoft, Apple, MicroStrategy, and Walmart all closed low for the day, despite posting decent numbers early on Thursday when the market opened.
Two Stocks Trending High
There were a couple of stocks that remained positive at the end of the day Thursday that are worth mentioning. Tesla (TSLA) gained 0.17%, barely staying positive during a period when the company really needs a break. The electric carmaker has notoriously lost a lot of stock value over the past couple months, and its CEO Elon Musk is not paying the company as much attention now that he is occupied running DOGE for the U.S. government.
Nvidia (NVDA) also remained high throughout the day, and this has been another stock that has experienced serious trouble as of late. The graphics processing chip company suffered two recent major blows when a competing AI company produced conceptual plans that showed cheaper development for powerful AI tools could be possible. Nvidia has also had to contend with charges of operating a monopoly in China, and their stock has dipped as a result.
Both of these two stocks are expected to climb much higher this year, and their resilience as the market dips shows that they could surprise a lot of investors in 2025.
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