Stocks close higher but not Nvidia. It was a tough week for the market bellweather

The major US indices had a volatile go at it today.

• The Dow industrial average had a range of about 800 points
• The S&P index had a range of 137 points 2.07%
• The NASDAQ index had a range of 627 points or 2.28%

The initial move was to the downside, in the selling took the price of both the broader S&P and NASDAQ indices below its 100 day moving averages. A close below would be the first since May 9. However, the momentum couldn’t continuing the price stepped back to the upside. Each of the indices are closing higher on the day.

A snapshot of the closing levels shows

• Dow industrial average rose 493.30 point or 1.08% at 46245.56
• S&P index rose 64.20 points or 0.98% at 6602.96
• NASDAQ index rose 195.03 points or 0.88% at 22273.08.

For the trading week, the 3 major indices closed solidly lower

• Dow industrial average -1.91%
• S&P index -1.95%
• NASDAQ index -2.74%

What was not up was Nvidia despite its strong earnings on Wednesday after the close. Yesterday the stock tumbled -3.15%. Today the stock fell another -0.96%. For the trading week, the price tumbled -5.92%. Ouch.

Meta also continued its move to the downside this week despite a 0.87% gain today. Its shares fell -2.50%.

Below is a sampling of some large cap stocks closed lower by 5% or more THIS WEEK:

• AMD: -17.43%

• Raytheon: -17.17%

• Micron: -15.99%

• Strategy: -14.66%

• Roblox: -12.79%

• Robinhood Markets: -12.41%

• Western Digital: -11.81%

• Super Micro Computer: -11.61%

• Palantir: -11.07%

• Palo Alto Networks: -10.91%

• Oracle: -10.90%

• BTC/USD: -10.61%

• Grayscale Bitcoin (BTC): -10.37%

• Bitcoin Futures: -10.31%

• SoFi Technologies: -9.42%

• Celsius: -8.90%

• Snowflake: -8.79%

• CrowdStrike Holdings: -8.72%

• Uber Tech: -8.67%

• DoorDash: -8.42%

• Dell Tech: -8.39%

• Boeing: -7.63%

• Deutsche Bank AG: -7.47%

• Microsoft: -7.44%

• Salesforce Inc: -6.80%

• Trump Media & Technology Group: -6.68%

• Zoom Video: -6.60%

• Airbnb: -6.43%

• Netflix: -6.21%

• Qualcomm: -6.14%

• Amazon.com: -5.97%

• NVIDIA: -5.92%

• Boston Scientific: -5.66%

• Arm: -5.52%

• iShares Global Clean Energy: -5.52%

• Box Inc: -5.31%

• Home Depot: -5.11%

So although there was a rebound in the major indices today, the week was not one to give a warm and fuzzy feeling.