Stock Market Today: 7 Key Updates As Dow Wavers, Nasdaq Pops And Tesla Hits Buy Point
Stock Market Today: Major Indexes Move Differently
The stock market today opened with mixed signals across major indexes. The Dow Jones Industrial Average struggled to hold gains, while the Nasdaq Composite jumped 0.8%, driven by tech strength. The S&P 500 index also edged higher by 0.3%.
Among Dow blue chips, Nvidia (NVDA) outperformed with a strong 2% rise, while Verizon Communications (VZ) fell more than 2%. Small-cap stocks lagged, with the Russell 2000 dropping 0.3%.
Treasury yields fell slightly, with the 10-year yield at 4.07%. Oil prices also ticked higher, with WTI crude near $62.15 per barrel.
Robinhood and AppLovin Rocket on S&P 500 Inclusion
Two of the biggest stories in the stock market today came from Robinhood (HOOD) and AppLovin (APP). Both stocks surged after news they will join the S&P 500 index on Sept. 22, according to S&P Global.
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Robinhood stock soared nearly 15%, rebounding strongly from its 10-week moving average and hitting its best levels of 2025.
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AppLovin jumped 10%, extending its massive rally of 69% year-to-date.
Both firms will replace Caesars Entertainment (CZR) and MarketAxess (MKTX) in the index. This inclusion forces index funds to purchase large quantities of their shares, further boosting demand. More details on the S&P reshuffle can be found on Bloomberg Markets.
Tesla Stock Touches Buy Point Amid New Musk Pay Package
Tesla (TSLA) gained nearly 1%, reaching a handle buy point of 355.39 before pulling back slightly. Shares extended a four-session win streak after finding support at the 50-day moving average.
Another key development: Tesla’s board proposed a new $1 trillion pay package for CEO Elon Musk, conditional on meeting ambitious performance goals over the next decade.
This news, along with strong stock performance, keeps Tesla in the spotlight for investors following the stock market today.
Apple Stock Moves Ahead of iPhone 17 Launch
Apple (AAPL) is preparing to unveil its new iPhone 17 series and the rumored iPhone Air, expected to be ultra-thin. The launch event will also feature updates to the Apple Watch and AirPods.
Apple shares already broke past a buy point at 235.12 last week and edged higher in Monday’s trading. Investors are watching closely as the launch could spark another major move in the stock.
Nasdaq-100 Biggest Winners and Losers
Within the Nasdaq-100, Broadcom (AVGO) and Lam Research (LRCX) surged 4.5% and 3%, respectively. On the losing side, T-Mobile US (TMUS) plunged 5.6% after breaking below its 50-day moving average, while **MercadoLibre
Small-Cap Stocks Show Signs of Weakness
While large-cap tech stocks fueled the Nasdaq’s gains, small-cap stocks underperformed. The Russell 2000 index slipped 0.3%, signaling investor caution toward riskier assets. Analysts suggest that traders are focusing on stable, high-growth technology companies rather than speculative smaller firms. This divergence between small caps and large caps reflects the market’s selective confidence during a data-heavy week.
Emcor and Energy Sector Dynamics
Emcor (EME), another company added to the S&P 500, edged slightly lower despite its strong long-term fundamentals. The energy infrastructure stock replaces Enphase Energy (ENPH), which dropped more than 3% following the reshuffle. The broader energy sector faced mixed results as oil prices held near $62 per barrel, keeping energy stocks under pressure despite Emcor’s inclusion in the index.
Investor Sentiment Ahead of Federal Reserve Meeting
With the Federal Reserve meeting approaching on Sept. 17, investor sentiment remains cautious. The recent weak jobs report boosted hopes for a rate cut, possibly as large as half a percentage point. However, market participants remain divided on how inflation data will influence the Fed’s decision. Until then, analysts believe markets will experience sideways movements, with volatility driven by key inflation readings and central bank commentary.
For more related financial updates, check News Updates.
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