Today At A Glance:

A furious morning rally faded into a broad selloff as AI leaders reversed lower and volatility spiked. The S&P 500 slid 1.6%, the Dow fell 0.8%, and the Nasdaq dropped 2.2% by the close, erasing gains that had earlier topped 1.5%–2.5%. Nvidia’s post-earnings pop flipped to a decline and became a major drag, while crypto-linked shares slumped alongside another drop in Bitcoin. Walmart jumped on strong results and news it will shift its listing to the Nasdaq, but strength there couldn’t offset tech weakness. Traders also digested mixed labor data and a swift VIX surge as the intraday tone flipped risk-off.

Today’s Index Performance:

• Dow Jones Industrial Average — The Dow opened today at 46,567.51 and closed at 45,752.26, with the percentage change of −1.75% (open-to-close).
• S&P 500 — The S&P 500 opened today at 6,625.84 and closed at 6,538.76, with the percentage change of −1.31% (open-to-close).
• Nasdaq Composite — The Nasdaq opened today at 23,057.00 and closed at 22,078.05, with the percentage change of −4.25% (open-to-close).

Gainers Of Note:

• Walmart (NYSE: WMT) — Omnichannel retail; rallied ~6% after beating expectations and announcing a move to list on the Nasdaq, underscoring its tech/AI push.
• PACS Group (NASDAQ: PACS) — Post-acute care operator; surged ~50%+ after completing restatements, reporting strong revenue growth, and clearing an audit review.
• Regeneron (NASDAQ: REGN) — Biotechnology; gained ~5% after FDA approval of EYLEA HD for retinal vein-occlusion patients.

Losers Of Note:

• Nvidia (NASDAQ: NVDA) — AI GPUs & platforms; fell ~3% as a powerful early rally faded and investors rotated out of richly valued AI leaders despite a strong quarter.
• Robinhood (NASDAQ: HOOD) — Brokerage platform; dropped ~10% amid risk-off tape and concerns that softer markets could dampen trading activity.
• Coinbase (NASDAQ: COIN) — Crypto exchange; slid ~7% as Bitcoin’s decline pressured crypto-exposed equities.

Active Traders Of Note:

• Nvidia (NASDAQ: NVDA) — Heavy turnover throughout the session as the post-earnings “AI barometer” swung from early gains to a late-day fade.
• Walmart (NYSE: WMT) — Elevated volume on earnings strength and the high-profile exchange switch to Nasdaq.
• Palantir (NYSE: PLTR) — Active and lower as investors reduced exposure to high-multiple AI software during the afternoon reversal.

Looking Forward:

After today’s reversal, near-term direction likely hinges on whether AI leaders stabilize and if volatility cools from its spike. Watch for secondary read-throughs from Walmart’s outlook to broader consumer demand, and for any follow-up guidance from chipmakers after Nvidia’s swingy session. With sentiment fragile, traders may lean toward quality balance sheets and defensives until macro and earnings signals firm up.

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