Innovator IBD 50 ETF Price & Performance (FFTY)

The Nasdaq Composite has hit its lowest level since November, closing with a 2.8% decline. The tech-heavy index is now just 1% above its 200-day moving average. Nvidia's stock fell sharply by over 7%, reflecting investor concerns despite a solid quarterly report.12

Tesla and Nvidia led a Nasdaq rally, with Nvidia rebounding 6.4% from a six-month low. However, the broader market faced challenges, as Dow Jones futures dipped 0.3% and S&P 500 futures fell 0.4%. Defensive sectors like utilities and financials underperformed.34

A statement from the Commerce Secretary about easing tariffs on Canadian and Mexican imports helped major indexes pare losses. The Dow Jones trimmed an earlier 1.4% drop to close down 0.3%, while the Nasdaq reduced its loss to 0.9%. However, concerns linger over broader market stability.56