# The US stock market today is climbing despite losses in high-profile tech stocks like Nvidia and Tesla.

*business · news · 2026-04-06 · The Economic Times*

## Key points

- The S&P 500 has crossed 6,600 and the Nasdaq is near 22,000 for the first time.
- Investors are rotating out of mega-cap tech stocks like Nvidia and Tesla into financials, energy, and industrials.
- A potential 45-day Middle East ceasefire is easing oil-driven market fears and supporting sentiment.
- The ISM services PMI shows growth, but the employment index dropped sharply to 45.2, signaling hiring contraction.
- Goldman Sachs warns that AI-driven job displacement could impact future earnings and employment stability.

**Companies:** NVIDIA Corporation, Tesla, Inc., Intel Corporation, Bank of New York Mellon, Robinhood, Focus Universal, Inc., Soleno Therapeutics Inc., PRF Technologies Ltd., Sidus Space, Hologic, Inc., Plug Power Inc.
**Countries:** United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/us-stock-market-today-us-stocks-rise-as-dow-sp-500-and-nasdaq-stay-in-green-while-nvidia-and-tesla-stocks-continue-to-slip/articleshow/130064313.cms)

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