A person walks in front of an electronic stock board showing Japan’s Nikkei and New York Dow indexes at a securities firm Friday, May 24, 2024, in Tokyo. People stand in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Friday, May 24, 2024, in Tokyo. A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Friday, May 24, 2024, in Tokyo.
The S&P 500 fell 0.7% to 5,267.84 in its sharpest drop since Apri. The Dow Jones Industrial Average dropped 1.5% t 39,065.26, and the Nasdaq composite slipped 0.4% to 16,736.03. VF Corp., the company behind The North Face, Vans, Timberland and other brands, fell 2.9% after reporting a loss for the latest quarter, along with weaker revenue than analysts expected.
Nvidia also increased its dividend as its CEO, Jensen Huang, touted how “the next industrial revolution has begun.”
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