[New York Stock Market] Only Nasdaq Slips Slightly as Tesla Holds Firm Amid Mixed Big Tech Moves

[Financial News]

On the 13th (local time), the New York market ended the session with a mixed performance.
Because most big tech names were under pressure, only the tech-heavy Nasdaq Composite Index (Nasdaq) finished lower.
The Dow Jones Industrial Average (DJIA) and the S&P 500 Index (S&P 500) both rose, but their gains were modest.
With the January U.S. Consumer Price Index (CPI) coming in largely in line with expectations, many investors stayed on the sidelines.

The Dow rose 48.95 points, or 0.10%, to close at 39,500.93, while the S&P 500 added 3.41 points, or 0.05%, to finish at 5,536.17.
The Nasdaq slipped 50.48 points, or 0.22%, to end the day at 17,546.67.
Although the Dow and the S&P 500 advanced on the day, all three major indexes struggled over the full week.
The Dow fell 1.2% for the week, while the S&P 500 and Nasdaq dropped 1.4% and 2.1%, respectively.

Big tech stocks were mixed overall.
Nvidia lost $4.13, or 2.21%, to close at $182.81, and Alphabet Inc. fell $3.28, or 1.06%, to $305.72.
Apple also declined, shedding $5.95, or 2.27%, to finish at $255.78.
Tesla, by contrast, inched up $0.37, or 0.09%, to end at $417.44, holding slightly firmer.
Palantir Technologies climbed $2.28, or 1.77%, to close at $131.41.

Electric-vehicle maker Rivian, once dubbed the "second Tesla," soared $3.73, or 26.64%, to finish at $17.73.
The rally came after the company reported fourth-quarter gross profit of $120 million, beating Wall Street analysts’ expectations for roughly breakeven results.
Despite the sharp jump on the day, the stock’s overall performance remains sluggish. It is down more than 10% so far this year.
Since peaking at $172.01 on November 16, 2021, the share price has plunged by nearly 90%.

dympna@fnnews.com Song Kyung-jae Reporter