US stocks finish mixed as Nvidia rebound boosts Nasdaq

NEW YORK – US stocks finished mixed on June 25, as Nvidia reversed a recent decline to finish the day almost 7 per cent higher, pushing up the Nasdaq.

The Dow Jones Industrial Average closed down 0.8 per cent at 39,112.16, while the broad-based S&P 500 added closed 0.4 per cent higher at 5,469.30.

The tech-rich Nasdaq Composite Index was the top performing major index on Wall Street, closing up 1.3 per cent at 17,717.65.

Investors also digested consumer confidence data publishedon June 25, which showed that consumers in the United States have become slightly less optimistic about the state of the world’s largest economy.

The next major data release comes on June 28, when the Fed’s favored inflation gauge is published, with economists surveyed by Dow Jones Newswires and The Wall Street Journal expecting a slight decline in the annual rate at which prices are rising.

“Basically all eyes are on the inflation,” Spartan Capital Securities chief economist Peter Cardillo told AFP.

Among individual stocks, Nvidia surged 6.8 per cent, reversing course after a disappointing run, while cruise ship companies Carnival and Norwegian rose by 8.7 per cent and 5.1 per cent respectively.

At the end of the table, the swimming pool supply company Pool Corp saw its share price fall by 8 per cent after slashing its guidance for the year.