Stock Market Today: Dow, S&P 500 Extend Win Streaks; Apple Rises, Nvidia Sinks

💡 The Dow and S&P 500 continued their winning streaks, driven by gains in Apple and other tech stocks, while Nvidia fell sharply.

The Dow and S&P 500 have now extended their win streaks to six and seven sessions, respectively. This recent rally has been driven by a combination of factors, including strong earnings reports from major tech companies like Apple and Alphabet.

Market Momentum

The Nasdaq Composite has also been a key beneficiary of this trend, rising $10.50 or 0.15% to 7,161.50. Apple, the largest component of the index, was a major contributor to the gains, rising 2.45% or $24.50 to $1,023.50. This marked a new all-time high for the stock.

Tech Stocks

Meanwhile, Nvidia, a leading maker of graphics cards and AI processors, fell 5.55% or $15.50 to $264.50. This decline was largely driven by a combination of factors, including concerns about the ongoing trade tensions between the US and China, as well as the impact of the ongoing semiconductor shortage on the company's business.

What It Means for Investors