US EditionWall Street holds relatively steady in mixed trading even as Nvidia gets back to falling
SoftBank sold its $5.83 billion Nvidia stake last month, causing Nvidia shares to fall 2% and weighing down the S&P 500 amid mixed trading and supply-chain delays.
- On Tuesday, Nvidia sank after SoftBank disclosed it sold its stake last month for $5.83 billion, heavily weighing on the S&P 500 due to Nvidia's close to $5 trillion value.
- Nvidia's near 6% rally a day earlier left the stock sensitive to news, as critics say AI winners' prices resemble the 2000 dot-com bubble.
- BigBear.ai jumped on stronger quarterly results while CoreWeave fell despite reporting a smaller loss, with supply-chain delays delaying data-center revenue.
- Session moves showed how a single heavyweight can sway indexes as the S&P 500 slipped in midday trading despite most stocks gaining, while the Dow Jones Industrial Average rose and the Nasdaq composite fell.
- Amid delayed government data and a slowing job market, traders see roughly a two-in-three chance the Federal Reserve will cut rates at the December Fed meeting.
38 Articles
38 Articles
Nasdaq drops 0.5% ● Nvidia drops after SoftBank revealed today that it sold all of its holdings in the company, worth $5.83 billion ● The US Senate yesterday approved a bill to end the government shutdown ● Israelis on Wall Street: Liveperson and Kaltura jump following the quarterly report ● Bitcoin struggles to recover, below $104,000 ● Positive close in Europe
Wall Street holds relatively steady in mixed trading even as Nvidia gets back to falling - WSVN 7News | Miami News, Weather, Sports
NEW YORK (AP) — U.S. stocks are drifting in mixed trading on Tuesday, a slowdown after swinging from their first losing week in four to Monday’s roar back. The S&P 500 slipped 0.2% in early trading. The Dow Jones Industrial Average was up 78 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.4% lower. All three are still near their all-time highs, but they’ve been shaky recently. Much of the focus was on Nvidia and oth…
Pittsburgh Post-Gazette
Wall Street drifts in mixed trading in a slowdown after its big gain
NEW YORK (AP) — U.S. stocks are drifting in mixed trading, a slowdown after swinging from their first losing week in four to a big gain on Monday....
San Diego Union Tribune
Wall Street is mixed as Nvidia gets back to falling
By STAN CHOE, AP Business Writer NEW YORK (AP) — Most of Wall Street is rising on Tuesday, but another return toward Earth for Nvidia is keeping the U.S. stock market down. The S&P 500 slipped 0.3% in midday trading, despite gains for the majority of stocks within the index. It’s a slowdown for the market, coming off Monday’s vigorous rebound following its first losing week in four. The Dow Jones Industrial Average was up 188 points, or 0.4%, as…
The Columbian
Wall Street holds relatively steady in mixed trading even as Nvidia gets back to falling
NEW YORK — U.S. stocks are drifting in mixed trading on Tuesday, a slowdown after swinging from their first losing week in four to Monday’s roar back. Read more...
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