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Nasdaq Composite Slightly Up Through Midday Trading
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S&P and Dow Indexes Slightly Down
10:27 amBoth the S&P 500 and Dow are slightly negative on the day with Crude spiking another 4.5% today. Broad market investors are clearly watching the news out of the Middle East, the port worker strike and awaiting Friday morning’s jobs report, which will give a direct insight on the economy and also give potential hints about what the Fed might do with rates.
As of lunchtime, the Nasdaq composite is the only major index with positive performance, up around 0.15%.
Constellation Energy (CEG) is the largest gainer of major stocks at 4.8%, in part due to continued investor excitement around their plans to restart nuclear production in order to power Microsoft’s (MSFT) data centers.
Additionally, and also AI related, Nvidia (NVDA) continues its gains on CEO Jensen Huang’s comments that their next generation chip is experiencing “insane” demand.
Whether you’re invested in real estate, energy or tech stocks, its an AI market out there, and I see no end in sight.
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