US stocks close lower. Midday rally runs out of steam

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The major stock indices are closing lower on the day after stalling during a midday rally. Each of the 3 major indices stayed in in negative territory for the entire day. A snapshot of the closing levels shows: Dow industrial average -498.50 points or -1.07% at 46091.74. At session highs, the index was still down -207.32 pointsS&P index fell -55.09 point or -0.83% at 6617.32. At session highs the index was still down -5.70 points.NASDAQ index fell -275.23 points or -1.21% at 22432.85. At session highs the index was down -65.06 points.The good news is that although the price closed well off its highs for the day, they also closed well off the lows. At session lows: Dow industrial average was down -676 points. The S&P index was down -98.09 pointsNASDAQ index was down -476.93 pointsNvidia will announce their earnings after the close tomorrow. Shares fell $-5.24 or -2.81% to $181.37.Other losers today included:Home Depot: −6.00%Western Digital: −5.94%Micron: −5.56%Amazon.com: −4.43%AMD: −4.31%Box Inc: −3.71%CrowdStrike Holdings: −3.04%Arm: −2.97%SoFi Technologies: −2.96%Deutsche Bank AG: −2.95%Lam Research: −2.87%NVIDIA: −2.80%Microsoft: −2.70%Cadence Design: −2.60%Boston Scientific: −2.50%IBM: −2.42%Palantir: −2.29%Fortinet: −2.17%Block: −2.12% This article was written by Greg Michalowski at investinglive.com.