Reported 2 days ago
The S&P 500 fell after reaching record highs, impacted by declines in Dell and Nvidia as investors reacted to inflation data. Dell saw a nearly 9% drop due to high manufacturing costs, while Nvidia slipped 3.4% as its recent earnings report disappointed. Despite increases in consumer spending, economists predict the Fed will cut interest rates in light of a weakening labor market. Notably, shares of Alibaba rose sharply following strong cloud computing growth. Overall, the S&P 500 decreased by 0.64%, ending at 6,460.26 points.
Source: YAHOO