Reported 10 months ago
The S&P 500 and Nasdaq Composite slid after reaching record highs as Nvidia stock fell more than 3%, impacting the tech-heavy Nasdaq most with a nearly 0.8% drop. The Dow Jones Industrial Average, however, rose about 0.7%. Investors have been closely following Nvidia's remarkable rise this year, where it briefly became the most valuable company, surpassing Microsoft and Apple. Meanwhile, global central banks made headlines, with the Swiss National Bank cutting rates and the Bank of England hinting at a future rate cut. In the US, traders anticipate a Fed cut by September, and weekly jobless claims showed a slight dip to 238,000. Energy stocks also saw gains, driven by rising oil prices.
Source: YAHOO