Stock Market Today: S&P 500, Nasdaq Snap Losing Streaks
Nvidia regained $197 billion in market value thanks to Tuesday's buy-the-dip session.


Stocks went in different directions again Tuesday, only this time, it was the blue chip Dow Jones Industrial Average that lagged. Indeed, a bounce in tech stocks helped the S&P 500 and Nasdaq Composite snap their three-day losing streaks.
Heading into Tuesday's trading, Nvidia (NVDA) had shed nearly 13% since hitting an all-time closing high on June 18, giving back more than $430 billion in market value and entering correction territory along the way. But today, the chipmaker resumed its market-beating ways, adding 6.8% as Wall Street bought the dip, regaining $197 billion in market cap.
Nvidia's bounce boosted other large-cap tech stocks, including Arm Holdings (ARM, +6.3%) and Taiwan Semiconductor Manufacturing (TSM, +2.9%).

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
As a result, the Nasdaq (+1.3% at 17,717) and S&P 500 (+0.4% at 5,469) notched solid gains. However, the Dow Jones Industrial Average fell 0.8% to 39,112, as retail stocks Home Depot (HD, -3.6%) and Walmart (WMT, -2.2%) declined.
Boeing sinks on Airbus profit warning
Boeing (BA) was also one of the worst Dow Jones stocks today, shedding 2.2% after rival Airbus cut its 2024 EBITDA (earnings before interest, taxes, depreciation and amortization) forecast and said it will miss its annual delivery target due to supply chain issues.
In other Boeing news, a Bloomberg report indicated the company has offered to buy airplane manufacturer Spirit AeroSystems (SPR, -4.0%) for $4.08 billion, or $35 per SPR share.
Carnival pops on beat-and-raise quarter
Elsewhere, Carnival (CCL) jumped 8.7% after the cruise operator beat top- and bottom-line estimates for its fiscal Q3 and hiked its annual profit forecast for the second time this year on strong demand trends.
"While early, cumulative booked position for full year 2025 is even higher than 2024 in both price (in constant currency) and occupancy," Carnival said in its earnings release.
Consumer confidence slips in June
Meanwhile, on the economic calendar, The Conference Board said its Consumer Confidence Index slipped to 100.4 in June from May's reading. The data showed "strength in current labor market views continued to outweigh concerns about the future," said Dana Peterson, chief economist at The Conference Board.
"Although consumers became a bit more cautious about the future, they feel pretty good about the present situation," says Jeffrey Roach, chief economist for LPL Financial. "Inflation expectations improved, incomes seem stable and consumers feel good about the job market."
This makes Friday morning's release of the May Personal Consumption and Expenditures (PCE) Price Index – the Fed's favorite measure of inflation that tracks consumer spending – all the more important.
Markets could get choppy if the data come in hotter than expected, Roach adds.
Related content
- What Chipotle Stock's 50-for-1 Split Means for Investors
- Bond Basics: How to Buy and Sell
- How This JPMorgan Factor Fund Keeps Up With the Broad Market
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at a local investment research firm. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.
-
Stagflation: What It Is and Why Retirees Should Care
Stagflation — the economic bogeyman of the 1970's — may return to the US. Here's what it could mean to your retirement.
By Donna Fuscaldo Published
-
Why Losing Your Job Could Be the Best Opportunity to Plan Your Future
Amid this uncertainty lies an opportunity for strategic reassessment and personal growth.
By Mario Hernandez Published
-
Can a New Manager Cure Vanguard Health Care Fund?
Vanguard Health Care Fund has assets of $40.5 billion but has been ailing in recent years. With a new manager in charge, what's the prognosis?
By Nellie S. Huang Published
-
What You Don't Know About Annuities Can Hurt You
Lack of awareness leads many to overlook these potent financial tools, and with the possibility of running out of money in retirement, that could really hurt.
By Ken Nuss Published
-
Three Keys to Logical Investing When Markets Are Volatile
Focusing on these market fundamentals can help investors stay grounded rather than being swayed by emotion or market hysteria.
By Dennis D. Coughlin, CFP, AIF Published
-
Yes, the Markets Are Spooked, But You Don't Have to Be
It's human nature for investors to freak out in a downturn. But with a little discipline, you can overcome the urge to sell and stay focused on long-term goals.
By Jimmy Lee, IAR Published
-
Remembering Bogle: A New Standard for Municipal Investing
Improvements in technology, data, systematic trading and risk analytics have led to more successful municipal indexing.
By Paul Malloy Published
-
Stock Market Today: Stocks Are Mixed Before Liberation Day
Markets are getting into the freewheeling rhythm of a second Trump administration.
By David Dittman Published
-
How to Invest in Sports
If it's springtime, Forbes is out with its annual list of baseball franchise values. The billions involved might make you wonder how to invest in sports.
By David Dittman Published
-
Winning Strategies for Financial Advisers as Clients' Lives Evolve
How can the wealth management industry help make life transitions easier for the adviser and the client?
By David Conti, CPRC Published