Reported 11 months ago
On Monday, the Nasdaq fell due to Nvidia and other chip stocks' weaknesses, while investors prepared for an upcoming inflation report. Nvidia saw a 3% drop, attributed to profit-taking after significant gains. Semiconductor stocks like Taiwan Semiconductor and Qualcomm also declined. Market focus is on Friday's PCE price index report for insights on inflation. Investors expect possible rate cuts this year and are monitoring additional economic data and upcoming earnings reports.
Source: YAHOO