Welcome to your daily Stock Market Summary from MARKETSNAP! Today was an exciting day on Wall Street, with the major indexes making some impressive strides. The Dow Jones surged by 2.66%, while the Nasdaq and Russell 2000 both climbed 2.71%. The S&P 500 wasn’t left behind, rallying with a 2.51% increase, showcasing a strong market performance across the board.
In the realm of individual stocks, Eli Lilly stole the spotlight among large caps with a remarkable 14.30% gain. Meanwhile, HDFC Bank and NIKE also enjoyed solid gains, both up over 4%. On the flip side, Amazon and Novo Nordisk were among the notable large-cap losers, with Amazon dropping by 4.22% and Novo Nordisk sliding by 7.63%.
The tech sector had its ups and downs, but NVIDIA remains a hot topic as it saw a slight dip of 2.87% today. However, Palantir Technologies managed to buck the trend with a modest gain, reflecting the mixed performance in tech stocks.
Sector-wise, Utilities and Communications were the top performers this week, while Electronic Technology and Energy Minerals sectors faced some challenges. It’s been a tough week for Electronic Technology, which saw a significant drop of 9.77%.
Looking ahead, the earnings calendar is packed with big names like Apple, Microsoft, and Tesla set to report. These earnings could set the tone for the next market moves, so keep an eye on how these giants perform.
That’s a wrap for today’s stock market summary. Stay tuned to MARKETSNAP for your daily dose of market insights and updates. Until next time, happy investing!
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