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

Reported 11 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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