Stock Market Update

[BRIEFING.COM] The stock market is doing what it can to hold on to the vast majority of today's gains, which have been forged on a relative lack of selling pressure. There was a brief dip earlier in the afternoon session that coincided with an Elon Musk X post calling the "one big, beautiful bill" a "disgusting abomination" since it will massively increase the budget deficit.

That dip didn't have any real legs, though, and like most dips since April 7, it was quickly bought.

NVIDIA (NVDA 141.44, +4.06, +3.0%) has been a powerhouse today, driving the broader market and the Philadelphia Semiconductor Index (+2.6%) as it continues to draw in buyers looking to buy the AI leader.