Nvidia, US and Dow Jones Industrial Average
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AI pioneer Nvidia was again the heaviest weight on the market. The chipmaker's drop of 3.2% brought its loss for the month to nearly 11%, putting it in "correction" territory, or when a stock falls at least 10% from its previous high. The company is scheduled to report is third-quarter financial results on Wednesday.
The S&P 500 dipped 0.8% while the tech-heavy Nasdaq fell 1.1% as investors panicked over whether AI firms have been overvalued – extending a rocky tech rout into its third week.
Major stock indexes ended sharply lower to begin the week, which will see AI darling Nvidia and retail giants report quarterly results, as well as the release of the September jobs report delayed because of the U.
Stocks finished lower on Monday, with the Dow Jones Industrial Average and S&P 500 suffering their third straight day of losses.
Dow fell 613 points. The S&P 500 slid 1.2% for a fourth straight loss. The Nasdaq dropped 1.7%. Tech led the sell-off. Nvidia fell 3% and is down 10% this month. Amazon and Microsoft also sank. Bitcoin hit $89,
U.S. stock futures declined on Tuesday after Monday’s sell-off. Futures of major benchmark indices were lower.
Dow, S&P 500, and Nasdaq futures are falling in premarket trading as the stock market turns away from risk assets ahead of key data.
19hon MSN
US stock futures today: Dow, S&P 500, Nasdaq slip as AI stocks fall and Bitcoin breaks below $90,000
US stock market futures fell today as the S&P 500 extended a three-day slide. Nvidia and Oracle dropped again as investors questioned high AI valuations and rising data-center debt. Dow futures slipped 140 points or 0.
The U.S. stock market fell as Nvidia and other superstars created by the frenzy around artificial-intelligence technology dimmed some more.
Global equity markets pulled back as investors reduced risk after a strong multi-week rally. The S&P 500 fell more than 1% in early New York trading, while
Gift Nifty was trading around 26,001 level, a discount of nearly 59 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.