Reported 8 months ago
The Dow Jones Industrial Average jumped 260 points while the Nasdaq Composite dropped over 190 points in Monday's trading. The tech-heavy Nasdaq was dragged down by Nvidia's continued sell-off, causing a 1.10% decline. This divergence between the two indices has been a recurring theme for weeks, with tech stocks like Nvidia and chip companies facing notable underperformance. On the other hand, sectors like energy and utilities saw gains, with cannabis, small oil, and regional banks also performing well. Additionally, the crypto market experienced significant losses, with Bitcoin dropping by 7%.
Source: YAHOO