Mixed Results for Stock Market: Dow Jones Surges, S&P 500 and Nasdaq Decline; Nvidia Drops After Becoming Most Valuable Company

New York, New York, USA United States of America
Amgen and Nike continue upward trends
Dell Technologies and Super Micro Computer experience declines following reports of server orders for Elon Musk's AI startup
Dow Jones Industrial Average posts best weekly performance since May
Economic data: decline in new unemployment claims, increase in overall number of people on benefits rolls, Federal Reserve officials' comments influence market movements
Microsoft remains significant player in tech sector
Nvidia becomes most valuable company but drops by 3.54%
S&P 500 and Nasdaq finish lower
Mixed Results for Stock Market: Dow Jones Surges, S&P 500 and Nasdaq Decline; Nvidia Drops After Becoming Most Valuable Company

The stock market showed mixed results on June 20 and 21, with the Dow Jones Industrial Average posting its best weekly performance since May, while the S&P 500 and Nasdaq finished lower. Nvidia, a mega-cap technology stock and chipmaker, was a significant contributor to the downturn in both indices. The company had become the most valuable public company after reaching an all-time high on June 20 but then dropped by 3.54% on June 21.

The Dow Jones Industrial Average closed at 39,150.33, up by 15.57 points or 0.04%. The S&P 500 finished at 5,464.62, down by 8.82 points or 0.16%, while the Nasdaq Composite settled at 17,689.36, a decrease of 37.91 points or 0.21%. Salesforce and Cisco Systems were among the top performers in the Dow Jones Industrial Average for the week.

The economic data released during this period included a decline in new unemployment claims but an increase in overall number of people on benefits rolls to its highest level since January. The Federal Reserve officials' comments regarding interest rates also influenced market movements.

In other news, Dell Technologies and Super Micro Computer experienced declines following reports of server orders for Elon Musk's AI startup. Microsoft remained a significant player in the tech sector, while Amgen and Nike continued their upward trends.

It is important to note that as a neutral journalist, I do not have any biases towards any particular political ideology or economic system. I will strive to provide factual information from diverse sources and present it in an unbiased manner.


Article Image
Article Image
Article Image
Article Image
Article Image
Article Image

Confidence

96%

Doubts
  • Are there any potential conflicts of interest or biases in the economic data sources used?
  • Is there any additional context that would help readers understand the significance of Nvidia becoming the most valuable company?

Sources

94%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

S&P 500 closes lower Friday as Nvidia falters, Dow posts best week since May: Live updates

CNBC News Samantha Subin, Thursday, 20 June 2024 22:03
  • Unique Points
    • S&P 500 finished lower at 5,464.62, Nasdaq Composite dipped at 17,689.36
    • Dow Jones Industrial Average edged up to close at 39,150.33
    • Salesforce is on pace to advance 5.3% for the week
    • Cisco Systems gained 4.4% this week
  • Accuracy
    • S&P 500 advanced 0.6% for the week, Nasdaq finished flat
    • Dow rose 1.45% for its best weekly performance since May
    • Nvidia dropped more than 3% this week, ending its eight-week positive streak
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The article contains some instances of inflammatory rhetoric and appeals to authority, but no formal or dichotomous fallacies are present. The authors provide clear and factual information about the stock market performance and specific companies mentioned in the article. They do not make any false claims or logical errors.
    • ]The Dow Jones Industrial Average is up 1.4% since the start of the week and headed for its best weekly performance since May.[/
    • Powering those gains in the 30-stock index is Salesforce, which is on pace to advance 5.3% for the week.
    • Other significant winners include Amgen and Nike, both up nearly 4% since the start of the week.
    • Cisco Systems has gained 4.4%.
    • UnitedHealth is the biggest weekly loser in the index, down nearly 3%.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

92%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stocks End Mixed On A Ho-Hum Day; Nvidia Unable To Dig Out Of Hole (Live Coverage)

Investors.com Financial News Site Analysis - Comprehensive Report on Market Coverage and Analysis - Overall Rating: 90/100 (Highly Reliable, Informative, and Engaging Source of Financial Information). Investor's Business Friday, 21 June 2024 20:03
  • Unique Points
    • Hims & Hers (HIMS) sank another 3% after Eli Lilly announced it was suing entities selling unapproved products containing tirzepatide.
    • Sarepta Therapeutics soared more than 30% after the Food and Drug Administration approved an expanded label for Sarepta’s gene therapy for Duchenne muscular dystrophy.
  • Accuracy
    • Dow Jones Industrial Average posted a gain, while S&P 500 and Nasdaq ended the day 0.2% lower.
    • Nvidia (NVDA) improved from larger losses but couldn’t climb back into positive ground.
    • HPE sank more than 4%, following a gap up after beating earnings and sales estimates.
    • CleanSpark plunged nearly 9% due to the price of bitcoin sinking around 1.9%.
    • Coinbase Global (COIN) skidded more than 5% in sympathy with the drop in bitcoin.
    • Online prescription provider Hims & Hers (HIMS) sank another 3% after Eli Lilly announced it was suing entities selling unapproved products containing tirzepatide.
    • FactSet Research Systems climbed more than 3% after beating fiscal third-quarter adjusted earnings estimates with mostly in-line sales.
    • IBD 50 stock Comfort Systems skidded nearly 8% and sliced through its 50-day line, triggering a sell signal.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (85%)
    The article contains a few instances of inflammatory rhetoric and appeals to authority. The author uses phrases such as 'far extended from its 50-day moving average', implying that a pullback is likely, and refers to Eli Lilly's lawsuit against entities selling unapproved products containing the active ingredient in its diabetes drug as 'legal actions against med-spas, wellness centers, and other entities selling unapproved compounded products containing what they claim is tirzepatide'. Additionally, there are appeals to authority with mentions of analysts' opinions and stock upgrades/downgrades. However, no formal fallacies were found.
    • far extended from its 50-day moving average
    • legal actions against med-spas, wellness centers, and other entities selling unapproved compounded products containing what they claim is tirzepatide
    • analyst at Monness, Crespi, Hardt & Co. downgraded Palantir to sell from neutral with a 20 price target
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

93%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

S&P 500 closes lower after record high, weighed by chips stocks, economic data

Yahoo Finance Echo Wang Friday, 21 June 2024 22:07
  • Unique Points
    • Nvidia dropped 3.54% after becoming most valuable public company Tuesday
    • Dell and Super Micro Computer declined following news of server orders for Elon Musk’s AI startup
    • Number of Americans filing new claims for unemployment benefits declined last week but overall number on benefits rolls reached highest level since January
  • Accuracy
    • S&P 500 and Nasdaq closed lower on Thursday
    • Nvidia dropped 3.54% after rising earlier in the session and became most valuable public company Tuesday
    • Minneapolis Fed President Neel Kashkari: ‘It would take a year or two to get inflation back to 2%’
    • Money markets see 58% chance of 25-basis-point rate cut by US central bank in September
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (85%)
    The author makes several statements that contain potential informal fallacies. Firstly, in the quote 'There’s still a lot of noise in there about supply and demand still isn’t really that strong. But there’s just been.. a willingness to sort of come back to that area where we’re going to be needing energy going forward,' the author uses an appeal to emotion when stating 'there's just been.. a willingness to sort of come back.' This is not a logical reason for the statement made and therefore can be considered an informal fallacy. Secondly, in the quote 'The news that we got today was just another negative weakness in the economy,' the author uses an overgeneralization when stating 'the news that we got today was just another negative weakness.' This statement is not supported by any evidence provided in the article and therefore can be considered an informal fallacy. Lastly, in the quote 'Meanwhile, Minneapolis Fed President Neel Kashkari said it would take a year or two to get inflation back to 2%, as wage growth might still be too high,' the author uses an appeal to authority when stating 'Minneapolis Fed President Neel Kashkari said.' While this statement is factually correct, it does not provide any logical reasoning for the fallacy being found and therefore can be considered a form of informal fallacy if used as the sole basis for determining a position or conclusion.
    • There’s still a lot of noise in there about supply and demand still isn’t really that strong. But there’s just been.. a willingness to sort of come back to that area where we’re going to be needing energy going forward.
    • The news that we got today was just another negative weakness in the economy.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication