The Dow Jones led, the S&P 500 hit record highs and many tech growth leaders among the winners.The Dow Jones Industrial Average popped 2.15% in last week's stock market trading. The S&P 500 index gained 1.
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Why Tech Stocks Dropped Monday
Technology stocks struggled across the board on Monday, including declines among all but one of the Magnificent 7 firms and a big hit to quantum computing stocks.
Nvidia, AMD, and Broadcom sold off after the Biden Administration released new AI chip export rules late Friday.
Indexes closed lower on Thursday, with the tech-heavy Nasdaq falling almost 1%, led by a slide in mega-cap tech stocks like Apple and Nvidia ... after the Federal Reserve back rate-cut ...
Drops for Nvidia and other tech stocks are weighing on Wall Street Monday and keeping it in its weekslong rut.
Quantum Computing didn't have any news of its own to report, but the company is even smaller than D-Wave, with less than $1 million in revenue over the last four quarters. Its stock has soared even higher than D-Wave's over the last year, a disconnect that could lead to a continued decline in Quantum Computing's shares.
Wall St rallies as Intel, Nvidia, and SLB lead gains. Banks surge 6%, while Truist climbs on strong profits. Investors eye Trump’s policy outlook.
Drops for Nvidia and other superstar stocks are dragging U.S. stock indexes lower on Monday and keeping Wall Street stuck in its weekslong rut.
Drops for Nvidia and other tech stocks are weighing on Wall Street Monday and keeping it in its weekslong rut.
If so, that makes it less likely that the Federal Reserve will cut interest rates and create a more favorable backdrop for growth stocks. Nvidia stock is facing another bearish pressure following ...
Tech was headed for a rough start to the week. Futures tracking the Nasdaq 100 tumbled 1.3% as investors fretted that a combination of sticky inflation and a red-hot labor market will mean the Federal Reserve doesn't have to cut interest rates at all in 2025.