Stock Market Today: Nasdaq Nabs New High as Nvidia Stock Soars

Nvidia stock popped on a strong round of funding for Elon Musk's AI startup.

Nvidia stock Nvda stock logo
(Image credit: Getty Images)

Stocks were mixed to start the holiday-shortened week as investors looked ahead to this Friday's key inflation update. Despite the diverging price action, one of the three main benchmarks ended the day at a new record closing high.  

Specifically, the Nasdaq Composite rose 0.6% to 17,019, its highest finish ever. The S&P 500, meanwhile, eked out a marginal gain at 5,306, and the Dow Jones Industrial Average fell 0.6% to 38,852.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.