Stock market news today: Nasdaq dives as tech sell-off continues, Nvidia down 4%

US stocks declined with Nasdaq Composite continuing to slide following a Big Tech-led wipeout in the prior session, inspired by AI doubts. The Dow Jones Industrial Average rose 0.4% while the S&P 500 slid 0.7%, on the heels of Wednesday's steep closing losses. The Nasdaq Composite fell as much as 1.6%, coming off the worst day for the tech-heavy index since October 2022. AI chip heavyweight Nvidia dove more than 4%, along with other Big Tech names.

At the same time, concerns about the robustness of the US economy are emerging as big-name earnings misses cast doubt on how consumers are holding up in the face of historically high borrowing costs. Given that, traders are now pricing in bigger cuts by the Federal Reserve — a reduction of about 30 basis points by September, and of almost 70 basis points over 2024, according to money markets. Odds on an earlier-than-expected rate cut in July have also ticked up, CME FedWatch data showed.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today: Nvidia rebound fuels Nasdaq rally as Dow falls 300 pointsStocks are hoping to add a punchline to what's been a high-flying quarter thus far.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Nasdaq jumps as Nvidia turns a cornerStocks are hoping to add a punchline to what's been a high-flying quarter thus far.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market news today: Nasdaq sinks near 3% as Tesla, Alphabet earnings spark tech sell-offDisappointing Alphabet and Tesla earnings have stirred up worries that Big Tech's power to fuel stock market gains is fading.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market news today: Nasdaq futures lead losses as first Big Tech earnings fail to deliverDisappointing Alphabet and Tesla earnings have stirred up worries that Big Tech's power to fuel stock market gains is fading.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market news today: Tech roars back as S&P 500, Nasdaq surge ahead of earningsInvestors are surveying a changed political landscape after Biden called off his re-election bid, assessing what it could mean for the Trump trade.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Stock futures steady as S&P 500, Nasdaq try to build on recordsA consequential week that could provide key signals for the near-term path of interest rates.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »