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
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.
-
How to Invest as the AI Industry Grows Up
Here’s where to find the winners as artificial intelligence transitions from an emerging technology to an adolescent one.
-
I’m 62 and worried about Social Security’s future. Should I take it early?
A Social Security shortfall may be coming soon. We ask financial experts for guidance.
-
How to Invest as the AI Industry Grows Up
Here’s where to find the winners as artificial intelligence transitions from an emerging technology to an adolescent one.
-
How Much Income Can You Get From an Annuity? An Annuities Expert Gets Specific
Here's a detailed look at income annuities and the factors that determine your payout now and in the future.
-
Your Paycheck Stops in Retirement, But Your Life Doesn't: An Expert Guide to Planning for a Confident Future
Social Security will replace only about 40% of your salary, on average. A solid financial plan will help you plug the gap so you can rest easy in retirement.
-
Are You Jeopardizing Your Future to Help Your Adult Kids? An Expert Guide for How to Not Do That
If your adult child needs financial help, of course you want to provide it, but crafting a plan that also protects your financial and emotional well-being is vital.
-
Stock Market Today: Stocks Slip Ahead of Big Earnings, Inflation Week
Perhaps uncertainty about tariffs, inflation, interest rates and economic growth can only be answered with earnings.
-
I'm a Financial Planner: Here Are Some Long-Term Care Insurance Tips for Every Age
Strategies include adding riders to life insurance for younger individuals and considering hybrid or traditional long-term care policies for those in their mid-50s and 60s.
-
Engineering Reliable Retirement Income in 2025: An Expert Guide
For dependable income, consider using a bucket strategy and annuities in tandem to promote structure, flexibility and peace of mind.
-
Crazy Markets Shouldn't Derail Your Retirement if You Follow This Financial Pro's Plan
Being nervous about retiring in a volatile market is a red flag that you're relying too heavily on your investment portfolio, rather than a comprehensive plan.