Whatever Federal Reserve Chairman Jerome “Pumping” Powell said during his speech earlier today, for the most part, investors perceived it to be “dovish.”
The intraday volatility during his speech was off the charts. A blast to a new intraday high, then cratering to breach Monday’s low. Only to rebound and post the second highest closing price of the recent rebound. For the session the index added 52.25 handles with a closing print of 4175.75.
It should be noted that sellers were on the aggressive as the last after hours closing print was almost 10 handles below the mark at 4166.25.
Nvidia Corp (NASDAQ: NVDA) was the biggest winner of the top components of the index. For the session, the issue advanced by $10.84 or 5.14% to close at $221.73. That marks the highest closing price for the issue since April 2022.
That was nearly four times better than the cash index’s advance of 1.29%.
The one and only, therefore the biggest loser of the top components was Amazon.com Inc. (NASDAQ: AMZN). For the session, the issue declined by $1.02 or 1% to close at $102.11.