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Tech stocks slide as pivotal Nvidia conference and Fed meeting come into focus

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Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Weakness on Wall Street: Stocks fell Friday, with the Nasdaq Composite setting the pace to the downside amid declines in tech heavyweights like Microsoft , Amazon and Alphabet . The tech-heavy Nasdaq lost around 1% on its way to a three-day skid and weekly losses of roughly 0.7%.

Traders work on the floor at the New York Stock Exchange in New York City, U.S., February 29, 2024.Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

 

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Nvidia Stock Falls After US NFP Data Disappoints MarketNvidia stock fell more than 5% on Friday after the US Nonfarm Payrolls (NFP) data for February distressed the market. February hiring was ahead of consensus, but January data saw a large-scale revision lower, while the Unemployment Rate rose to match the two-year high at 3.9%.
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