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Stocks close lower, Dow falls by 600 despite Nvidia earnings

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Nvidia News

Julie Hyman,Jared Blikre,Market Domination

Stocks (^DJI, ^IXIC, ^GSPC) have reversed at Thursday's market close, initially riding high off of Nvidia's (NVDA) fiscal first-quarter earnings reported on ...

) fiscal first-quarter earnings reported on Wednesday. The Dow Jones Industrial Average fell by 605 points, or just over 1.5%, and the S&P 500 dips back below 5.300.We are joined by Jared to get you up to speed on the action from today's session.

That's a 1.5% drop, some of that drop because of Boeing Boeing falling after its finance chief and CFO speaking at a conference and talking about the cash flow challenges that the company still faces the S and P 500 though did not escape the selling.And the NASDAQ helped a little bit by NVIDIA off only about 4/10 of 1%.

You see cannabis is actually the weakest sector and also Bitcoin taking a hit solar energy which was popping yesterday and also disruptive disruptive tech. China sold a record $53.3 billion worth of US Treasurys and agency bonds last quarter as it accelerates diversification from dollar assets. -- Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew.

 

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