BusinessFILE - The New York Stock Exchange is shown on June 11, 2024 in New York. European markets have opened with gains on Monday, June 24, 2024, and Asian benchmarks retreated after U.S. stocks coasted to the close of their latest winning week. The future for the Dow Jones Industrial Average was little changed while futures for the S&P 500 edged down less than 0.1%.European markets opened lower. France’s CAC 40 lost 0.7% to 7,652.41. Germany’s DAX sank 1.1% to 18,117.
The Hang Seng in Hong Kong recovered most of the daytime losses to end 0.3% higher at 18,072.90 and the Shanghai Composite index dipped 0.4% to 2,950.00.Elsewhere, Taiwan’s Taiex was up 0.3%, while the SET in Bangkok advanced 0.1%. But declines for a handful of high-profile stocks offset all of those gains, and the spotlight shone brightest on Nvidia’s 6.7% tumble. It was a third straight drop for the chip company, which had rocketed 1,000% higher since the autumn of 2022.of high interest rates. But the AI boom has been so frenzied that it’s raised worries about a possible bubble in the stock market and too-high expectations among investors.
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