Stock market today: Dow drops 300 points, Nvidia, Apple close at fresh records

With Nvidia and Apple reaching new highs and strong earnings projections for the upcoming week from key players like Tesla and GM, this could lead to further gains in the tech sector. Investors may be encouraged to keep their positions in these stocks, particularly Nvidia which is showing robust growth in AI demand.

Gold and silver prices are on an upward trend, supported by a recent influx of investments into precious metals as they outperform the broader market. This trend is likely to continue due to uncertainty in the equity markets and expectations of lower interest rates.

While Tesla's earnings report is coming up, it follows a disappointing unveiling of a new robotaxi model that fell short of expectations. Given the current skepticism and the mixed market conditions, Tesla's stock might face downward pressure regardless of its earnings outcome.

General Motors is expected to report lower sequential revenue but maintain higher year-on-year performance due to decent US sales. This could provide a cushion for the stock despite mixed sentiments around its EV strategy, leading to a relatively stable outlook.