Stock Market Today: Dow Drops
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The Dow, S&P 500 and Nasdaq all rose this week, as investors shook off concerns about bad loans as well as trade tensions with China.
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Applied Digital builds and leases AI data centers to cloud-computing provider CoreWeave, which is backed by Nvidia. CoreWeave stock rose 2% near 146. Investors could use Monday's high of 144.33 as an entry. Nebius stock rose more than 2% before the open, after a strong rebound from the 10-day line this week.
The pullback in stocks comes after the S&P and Nasdaq both scored their seventh win in a row on Monday, boosted by news of a multibillion-dollar deal between AMD and OpenAI that s
Currently, SP500 is trying to settle below the support at 6610 – 6620. In case this attempt is successful, SP500 will head towards the next support level, which is located in the 6500 – 6510 range. NASDAQ is moving lower as traders worry that tensions in U.S. – China relations will hurt profits of tech companies.
The future prices of benchmark tracking ETFs were updated in the story. U.S. stock futures rose on Friday after closing lower on Thursday’s. Futures of major benchmark indices were higher.