Why Dow Jones Dropped While Nvidia’s Stock Took Off Thanks to Trump’s Saudi Deal

Well, well, well, it seems like U.S. stocks couldn’t quite make up their minds on Wednesday! The Dow Jones took a tiny dip, sliding down by about 0.25%, while the S&P 500 decided to just hang out, doing absolutely nothing. But wait! The Nasdaq, that cheeky tech-heavy index, went soaring up by 0.75%, or a whopping 142.58 points, to land at 19,150! 🤑

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During a little chat fest at an investment forum on Tuesday, with none other than U.S. President Donald Trump in the room (did someone say ‘ratings boost’?), Saudi Arabia pulled the trigger on some eye-watering deals with chipmakers. And who benefited the most? Nvidia, of course! This giant surged 3.75%, hitting $134.85 per share. Gotta love it when billions in deals make your stock look like it’s on steroids. 💪

But hold your horses, folks! While stocks were doing the happy dance, the dollar index took a bit of a nap, falling 0.21% to 100.80. And gold? Oh, gold had a tough day, losing 1.91% and dropping to $3,182.22. Looks like investors are giving gold and the dollar the cold shoulder, chasing those sweet, sweet stock returns instead! 🏃‍♂️💨

And just when you thought things couldn’t get any more bizarre, Bitcoin decided to take the same route as gold, down 0.66% to $103,378. Not the greatest day for the digital gold crowd. But don’t worry, crypto fans—it’s not the end of the world! Crypto is likely just cooling off after its pre-stock rally when Bitcoin first broke $100,000. So, hang tight; we might see stocks cooling off soon too! 🧐

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2025-05-14 20:40