Nasdaq Rises Amid Mixed Trading
The Nasdaq Composite (^IXIC) rose over 1.2% in a mixed trading session for the major market indices (^DJI, ^GSPC) as investors geared up for key events, including Nvidia (NVDA) CEO Jensen Huang’s much-anticipated keynote address at CES 2025 (Consumer Electronics Show) and the upcoming December jobs report, set for release on Friday.
Nvidia Achieves Record High
Nvidia, a leader in the semiconductor industry, closed at a new record high, bolstered by investor optimism ahead of Huang’s keynote. The company’s performance highlights the continued dominance of technology stocks, with AI and semiconductor innovation driving growth across the sector. Nvidia’s success underscores its pivotal role in the evolving tech landscape.
Expert Analysis
Julie Hyman from Market Domination Overtime analyzed the day’s market dynamics, focusing on the impact of chip stocks, including Nvidia, on the tech-heavy Nasdaq Composite. Hyman noted that these gains come amid broader market uncertainty as traders await significant economic data expected to shape the week’s trading landscape.