Record-setting rally stalls as Nvidia slides and economic data softens

Reported 8 months ago

Stocks were mixed on Thursday as a multi-day rally to record highs stalled, with the S&P 500 and Nasdaq closing lower as Nvidia dropped by 3%. The Dow Jones Industrial Average rose nearly 300 points. Economic data showed weakening in the US economy, with low housing starts and elevated jobless claims. Other news included Bitcoin signaling a stock sell-off, regions in the US facing energy cost hikes, China's yuan falling, and insights on investing in Nvidia.

Source: YAHOO

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