The S&P 500 Index fell for the third consecutive trading session, as the Nasdaq Composite lost 0.42% and the Dow Jones Industrial Average inched down by 0.08%. However, Tesla bucked the trend and gained nearly 3% while Seagate Technology rose about 7.4% and Krispy Kreme rallied an impressive 39%.
Despite the mixed performance of individual stocks, economic data released today showed stronger-than-expected orders for durable goods. However, the data also indicated waning consumer confidence, which may have contributed to the overall market decline.
Despite the recent losses, major stock averages are still on track for their fifth straight winning month. The broad market index is currently up more than 2%, demonstrating overall resilience in the face of economic uncertainty.
Investors are closely monitoring these developments as they continue to navigate a volatile market environment. Stay tuned to Poh Diaries for more updates on the latest financial news and market trends.
