Semiconductor Market Turmoil! NVIDIA Plummets Over 6% into Correction Zone as US Stock Indexes Mixed

Reported 8 months ago

On June 24, 2024, in the US stock market, the major indexes saw mixed results with the Dow Jones gaining 0.6%, S&P 500 falling 0.3%, Nasdaq tumbling 1%, and the Philadelphia Semiconductor Index dropping 3%. Technology and semiconductor stocks faced selling pressure, with NVIDIA plummeting 6.68% and TSMC ADR also declining by 3.54%. This volatility led NVIDIA into a correction zone, along with other semiconductor companies like Qualcomm, Broadcom, and Intel facing downturns as well. Meanwhile, the overall market showed a positive trend with the Dow Jones Industrial Average closing higher while other indexes ended in the red.

Source: YAHOO

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