Singapore markets closed
  • Straits Times Index

    +11.64 (+0.35%)
  • S&P 500

    +2.01 (+0.04%)
  • Dow

    -133.93 (-0.34%)
  • Nasdaq

    +68.34 (+0.40%)
  • Bitcoin USD

    -1,004.21 (-1.45%)
  • CMC Crypto 200

    -17.67 (-1.18%)
  • FTSE 100

    -67.45 (-0.81%)
  • Gold

    +17.50 (+0.75%)
  • Crude Oil

    +1.64 (+2.11%)
  • 10-Yr Bond

    +0.0180 (+0.40%)
  • Nikkei

    -44.65 (-0.11%)
  • Hang Seng

    -6.19 (-0.03%)
  • FTSE Bursa Malaysia

    -2.45 (-0.15%)
  • Jakarta Composite Index

    +77.21 (+1.08%)
  • PSE Index

    -70.26 (-1.07%)

S&P 500 extends losing streak to sixth day, Dow up 210 points

The Dow Jones Industrial Average (^DJI) is the lone leader among market indexes, closing the trading week higher by a mere 0.01% and rising by 210 points in Friday's session. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) extend their losing streaks to their sixth consecutive days.

Market Domination Overtime Anchor Julie Hyman looks back on today's market activity while keeping a close eye on a handful of top trending stocks.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.

Video transcript

JULIE HYMAN: Let's get you up to speed on the action from today's session. It wasn't very happy action if you were a bull at least in the S&P or in the NASDAQ. The S&P closing near the lows of the session, off almost 9/10 of 1%. And the five-day chart showing that 3% decline on the week for the NASDAQ looking even worse for the week down 5 and 1/2%. And on the day off about 2%, the Dow, the lone winner even on the week, finishing very, very barely higher here.


And on the day it was the winner as well, but releasing a lot of pressure within large cap tech here. I do want to get a quick check on the trending-- top trending tickers on the Yahoo Finance platform to give us a survey of some of the big earnings news and other movers of the day that we were watching closely. When all was said and done today, shares of NVIDIA down by 10% as we see sentiment rolling over a little bit on Semis. We're going to talk more about that in just a moment.

But really not an unprecedented move downward, but one that we have not seen for NVIDIA in quite some time, certainly not in a single session. The catalyst seemed-- catalyst seemed to be the AI-related stock Supermicro computer down 23% in a single session. Here the company did not give a positive preannouncement or any preannouncement. And that seems to be investors are extrapolating that, perhaps when it does come out and report that it's not going to be as positive. That said, Supermicro still up 150% year to date.

So I've got to put that one in perspective, but really spreading throughout Arm Holdings down as well. Paramount up sharply on a new report that Sony might team up with Apollo to try and make a bid. But then you've got all the earnings companies here. American Express up 6% on its numbers in today's session. I'm looking for Netflix here, down 9% on the news that it is no longer going to be reporting its subscriber numbers as of next year. SLB down on its earnings.

And I'm looking for P&G here as well to see if we can find them. But I guess it dropped off the trending list by the end of the day.