Dow stages a late-day recovery, closes higher

After trading in the red most of the day Friday, the Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) both closed higher. The Nasdaq Composite (^IXIC) recouped most of its losses, but still closed 49 points lower. For the week, the Nasdaq Composite posted its deepest loss since April.

Yahoo Finance Senior Reporter Brooke DiPalma breaks down the action at the close.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.

Video Transcript

00:00 Speaker A

we see at the close here is some downward momentum across the Nasdaq, but the Dow did reverse off those losses that we did see today, closing about 2/10 of a percent. We also have the S&P 500 seeing some reverse of those losses during today's trading session as well. It closed about 1/10th of a percent higher, but the Nasdaq really seeing some downward momentum and that held until the close this afternoon, down about 2/10 of a percent. I do want to take a closer look at the Nasdaq because this is really a market where investors are trying to digest risks of an AI bubble, also those high-tech valuations. And speaking of, we did see some of the Mag 7 including Tesla end the day lower, down nearly 4% at the close here after we got that shareholder vote approving Elon Musk's latest pay package. leading into that uh uh that shareholder though meeting on Thursday afternoon. It was mostly flat, but over the past month, we did see some mostly flat as well. but over the past three months, we did see that stock reverse into the green for the first time this year as momentum was uh underway up about uh 30% in the last three months. But Nvidia flat, Amazon, meta, mostly flat as well, but Google, Apple, and Microsoft all in the red to end today as investors digest that government shutdown, those high-tech valuations and also consumer sentiment, which you're hit a three-year low.

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