Wall Street slumped after a morning rally evaporated, but the losses weren’t as bad as the manic moves that wracked markets worldwide over the last week.
The S&P 500 fell 0.8 percent Wednesday. The Dow Jones Industrial Average fell 0.6 percent, and the Nasdaq composite dropped 1 percent.
Stocks swung lower as Nvidia, one of Wall Street’s most influential companies, went from a morning gain to a loss of 5.1 percent, making it the heaviest weight on the S&P 500. Nvidia and other Big Tech stocks have been struggling on worries their prices shot too high amid Wall Street’s frenzy around artificial-intelligence technology….
Source link
How Major US Stock Indexes Fared Aug. 7
