Reported 5 months ago
Stocks in the U.S. market slid, with the Dow Jones Industrial Average dropping over 1.5% for its worst day in a year, following Nvidia's blockbuster earnings that failed to spark a broader market rally. The tech-heavy Nasdaq Composite fell about 0.4%, while the S&P 500 dropped nearly 0.8%. Nvidia's shares surged over 9%, surpassing $1,000 for the first time, after beating Wall Street forecasts for the first quarter earnings and raising its guidance. However, concerns over interest rates dominated investor sentiment after a hot reading on economic activity and Federal Reserve minutes reignited worries over rate hikes.
Source: YAHOO