The major European indices closed with mixed results. France’s CAC and Italy’s FTSE MIB fell. Spain’s Ibex and UK’s FTSE 100 led the way to the upside.
A snapshot of the closing levels shows:
- German DAX, +0.23%
- France’s CAC -0.41%
- UK’s FTSE 100 +0.5%
- Spain’s Ibex +1.34%
- Italy’s FTSE MIB -0.24%.
As London/European exit for the day, US indices are mixed with the Dow industrial average backing away from December 2024’s all-time high. That index closed within four points of that record level today has been negative for the entire session. The S&P and NASDAQ index are marginally higher.
- Dow industrial average -207 points or -0.46% at 44804.60. The all-time high close is at 45014.04.
- S&P index +10.9 points or 0.18% at 6369.50.
- NASDAQ index up 32.3 points or 0.15% at 21052.25.
- Russell 2000 down -22.78 points or -1.00% at 2260.35.
Alphabet shares are trading higher by $2.61 or 1.36% at $192.79. The dip today did stall ahead of a broken trend line on the hourly chart. Buyers remain in full control above that line (see chart below).
Nvidia shares are trading up $2.10 or 1.22% at $172.86.. Alphabet said that they would could continue to spend on AI. Meta said the same thing. There is no pulling back from the AI revolution and Nvidia is a leading the charge. Nvidia all-time high close comes in at $173. The high price today did reach $173.45.
Broadcom shares are up $4.94 or 1.75% of $288.70. At that level, it would represent a new all-time high surpassing the high price from July 18 at $288.21.
Open AI prepares to watch launch GPT-5 in August.
This article was written by Greg Michalowski at investinglive.com.
