Stock Market Today: Nvidia Pressures Indexes to Maintain Rebound
- U.S. stocks gained on Monday as falling oil prices provided relief to investors, though pressure on chipmakers persisted following an investigation into Nvidia Corp.
- Nvidia's board launched an independent probe into Chief Executive Officer Jensen Huang following reports of an affair with a woman identified as a suspected Chinese spy.
- Brent crude fell 1.8% to $96.53 a barrel, while the 10-year Treasury yield declined to 4.84%, easing inflation concerns and lifting small-cap proxies.
- Attention turns this week to U.S. inflation data due Tuesday and earnings reports from Cisco Systems Inc. and Applied Materials Inc., which may clarify the AI sector's trajectory.
- With the VIX near 28, traders assign an 80% probability of a Federal Reserve interest-rate hike by year-end, reflecting persistent caution despite Monday's rebound.
43 Articles
43 Articles
Wall Street bounces back from AI sell-off, Nasdaq rallies over 3%, but Nvidia plunges 9% on Jensen Huang controversy
US stocks rebounded Monday after their worst weekly performance in nearly two years, with the Dow, S&P 500 and Nasdaq rising as lower oil prices and bargain-buying lifted sentiment. Investors turned their attention to upcoming inflation data and earnings from AI-related companies.
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Insider PaperNvidia plunges but tech shares rebound, oil prices slump
Oil prices fell 5% on hopes for diplomatic talks aimed at ending the US-Iran war.
US stocks: Dow Jones rallies 500 points, Nasdaq over 2% as chip stocks rebound; Nvidia probe weighs
Wall Street's indexes climbed as investors honed in on Nvidia CEO Jensen Huang's investigation and awaited crucial inflation data. Nvidia's shares faced declines due to worries over foreign intelligence, yet analysts proposed that the sell-off in AI stocks was potentially overblown. Tech giants like Microsoft and Alphabet, along with chip manufacturers such as Marvell and Broadcom, enjoyed substantial gains.
The U.S. stock exchanges operate high this Monday, sustained by the relief in the oil prices and the recovery of the technology sector, after the liquidation of positions caused by the victory of the Democratic Party in the Midterms, although the significant fall in the shares of Nvidia contains the gains. The strong performance of segments linked to the real economy also contribute to the advance of the indices, especially of Dow Jones, since t…
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