Dow Jones comes out on top despite NVDA fall

Yesterday an update here not long after the US opening noted how the Dow Jones was pushing higher. A subsequent amendment to that update noted how NVIDIA was now included in the 30 stock components that make up the index. Well, by the close NVDA lost 16.97% and in the process handed back nearly $600 billion of market cap. However, that did not prevent the Dow Jones from later setting a higher close. That was very much a prospect flagged here earlier in the day, just as with the FTSE 100 several hours beforehand. The reason why the Dow Jones was able to shrug off the NVDA loss is because of its considerably lower weighting within the index, ranked near the bottom of the 30 stocks. The index was also lifted by gains in J+J and other non-tech stocks and even Apple added more than 3% yesterday. So, the Dow rebounded from an opening low at 44,026 after resuming at 44,148. The index later rose to 44,727, before closing 289 points higher, at 44,713. Overnight Japanese stocks are lower and that has pushed the Dow Jones futures down, currently indicating a reopening around 44,630