The US stock market was all over the place on Tuesday, but all major indexes managed to finish the day in the green, albeit with marginal gains. This included the Dow Jones Industrial Average, which now started the week with back-to-back record highs.
The S&P 500 was down by 0.26% early in the morning before recovering later in the day to close at 5,625.80 points. This marked 0.16% or 14.11 points gain for the benchmark index.
Tech-heavy Nasdaq Composite also rose 0.16% by the end of the day, gaining 29.05 points to close at 17,754.82.
After reaching a new all-time high close on Monday at 41,240.52 points, the Dow Jones reached new heights on Tuesday. The blue-chip index closed at a record 41,250.50 following a 9.98 points or 0.02% gain.
The rather quiet day for US stocks is being described as calm before the storm by experts. The chipmaker Nvidia is set to release its quarterly earnings this week, with the company’s results expected to have a ripple effect throughout the tech industry and overall stock market.
“The trend in the market right now is a rotation away from tech and so Nvidia could change all of that tomorrow, but until then, I think the predominant trend in the market is going to be to stay put, and you kind of have this light volume, listless market as you wait,” Baird analyst Ross Mayfield told CNBC.