Nvidia Rebound Boosts Nasdaq, Dow Falls 300 Points

Reported about 1 year ago

US stocks closed mixed on Tuesday, with the Nasdaq and S&P 500 breaking losing streaks thanks to a 1.3% and 0.4% surge respectively, fueled by Nvidia's rebound of nearly 7%. However, the Dow Jones Industrial Average slipped 0.8% or about 300 points. The market awaits the Personal Consumption Expenditures index update on Friday for inflation input, amid a backdrop of high home prices in April with slowed growth, and a slight dip in consumer confidence in June. Tech stocks led gains, with Nvidia recovering from a three-day skid.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis