Dow Jones faltered in early trades ahead of the Fed meet on Wednesday. Super Micro plunged on earnings as Nvidia fell below a key level.
The U.S. stock market wrapped up April with losses, snapping a five-month winning streak and marking the market's worst month of 2024. This has resulted in huge gains for inverse or inverse-leveraged ETFs.
Alphabet and Microsoft led the U.S. stock market to its first winning week in the last four and its biggest weekly gain since November. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite gained 2%. The Nasdaq composite rose 316.14 points, or 2%, to 15,927.90.