Nvidia, Wall Street
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Dow Jones, S&P 500, and Nasdaq fell as US producer price data fueled inflation worries. Nvidia, Amazon, Salesforce, and Zscaler led tech sector losses.
Major stock indexes plummeted Friday after a wholesale inflation reading came in hotter than expected, while Nvidia shares fell further after sinking yesterday.
The worst day for Nvidia’s stock since last spring dragged the U.S. market lower, even though most stocks rose. The S&P 500 fell 0.5% Thursday.
S&P and Dow Jones futures gain as investors await Nvidia earnings. AI stocks rebound as AMD jumps and software sector sees relief rally. Tariffs, Fed policy and geopolitics keep markets cautious.
S&P 500 futures are up 0.1%. Dow Jones Industrial Average futures are climbing 0.1%. Nasdaq 100 futures are adding 0.2%. On Tuesday, the Dow Jones Industrial Average rose 370 points, or 0.76%, to 49,174.
The Dow Jones Industrial Average slid 821.91 points, or 1.66%, to close at 48,804.06. The S&P 500 dropped 1.04% to 6,837.75, while the Nasdaq Composite declined 1.13% to 22,627.27.
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Dow Jones futures: Stock market bounces before Trump speech, Nvidia earnings
Software and chips led a rebound from Monday's sell-off ahead of Trump's State of the Union speech and Nvidia earnings.
Big beats from Nvidia clearly don't have the effect they once did. Shares of the chip maker are essentially flat in after-hours trading on Wednesday, reflecting how Wall Street has become somewhat desensitized to the massive growth and upbeat forecasting coming out of the company.