The US stock indices all traded negative for the entire trading day.
Trump and Putin call did not help. Nor did the Nvidia GTC conference. The market is having trouble getting off its back. The wall of worry includes tariffs and the Fed decision tomorrow. What will the Fed say and do with the threat of inflation, slower growth and lots of uncertainty
Looking at the closing levels:
- Dow industrial average is closing down -260.32 points or -0.62% at 41581.31. The index was down -54.38 points at session highs and -426.20 at session lows
- S&P is closing down -60.46 points or -1.07% at 5614.66. At session highs today, the price was down -20.59 points and at session lows the price was down -77.36 points
- Nasdaq is closing down -304.55 points or -1.71% at 17504.12. At session highs today, the price was down -125.74 points and at session lows the price was down -376.99.
Nvidia announced a number of initiatives at its GTC conference, but its stock is ending the day down -$4.00 or -3.35% at $115.53. At its session highs, the price was down -$0.51 while at session lows the price was down -$4.99.
The best performer of the Magnicent 7 was Apple at -0.61%. The biggest loser was Tesla at -5.34%. Meta fell -3.73%, Alphabet fell -2.20% and Amazon fell -1.47%.
A winner today?
Berkshire Hathaway reached a new all-time high at $528.38 before rotating lower. Nevertheless it still closed higher by $0.13 in what was a down market, and a troubling year. For 2025, the shares are up 15.41% .