Stock market today: Dow, S&P 500, Nasdaq struggle for gains as Nvidia slips

Published On Dec 9, 2024, 10:15 AM

Today, U.S. stock markets, including the Dow, S&P 500, and Nasdaq, are showing mixed results as investors watch for the upcoming consumer inflation report. Nvidia (NVDA) shares have fallen more than 2% following reports of a Chinese antitrust investigation into the company. The markets also reacted slightly to expectations of a Federal Reserve interest rate decision later this month. Meanwhile, some Chinese stocks like Alibaba (BABA) and XPeng (XPEV) saw gains due to a shift in Chinese monetary policy towards stimulating the economy, signaling potential easing measures.

Read full article

Stock Forecasts

NVDAView NVDA chart on TradingView

Negative

Nvidia's stock is under pressure due to regulatory concerns in China, which could hinder its share price further in the short term. However, if the upcoming inflation report shows favorable results, it might help alleviate some pressure on tech stocks overall.

BABAView BABA chart on TradingView

Positive

The recent changes in China's monetary policy may buoy optimism around U.S.-listed Chinese companies. Both Alibaba and XPeng are positioned to gain from improved investor sentiment towards Chinese stocks.

SPYView SPY chart on TradingView

Neutral

As the consumer inflation report approaches, it is pivotal that investors remain cautious. Any deviations from expected inflation figures may lead to volatile reactions across indices, particularly affecting tech stocks sensitive to interest rate changes.

Related News

Stock futures are little changed after S&P 500 posts third-straight winning week: Live updates

Dec 8, 2024, 6:02 PM

The S&P 500 and Nasdaq Composite closed at fresh highs Friday, ahead of key inflation data this week.

SPY

Trump Says He Does Not Have Plans to Replace Jerome Powell as Fed Chair

Dec 8, 2024, 10:26 AM

Donald J. Trump, the president-elect, said he doesn’t “see it” when asked if he would try to oust the head of America’s central bank.

SPY

Bill Clinton on the Election, D.E.I. and One of His Regrets

Dec 8, 2024, 8:00 AM

The former president spoke with Andrew Ross Sorkin at the DealBook Summit.

SPY