Reported 6 months ago
Stocks in the stock market slid on Thursday, with the Dow Jones Industrial Average suffering its worst day in a year as Nvidia's blockbuster earnings failed to prompt a broader market rally. The tech-heavy Nasdaq Composite fell by about 0.4%, while the S&P 500 dropped nearly 0.8%. Nvidia's shares surged over 9%, crossing $1,000 for the first time, after surpassing Wall Street's forecasts for Q1 earnings and raising guidance. However, concerns over interest rates dominated investor sentiment following Federal Reserve minutes and strong economic data, leading to declines in the market despite Nvidia's positive performance.
Source: YAHOO