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<US>DJIA Slips 398 Pts at Close; Nasdaq Falls 1.9%, as Nvidia Leads Decline with ~4% Slide
Recommend 8 Positive 14 Negative 21 |
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High-valuation AI stocks were under another round of sell-offs, prompting a weak opening and persisted decline in the US bourse on Thursday. The DJIA tumbled as much as 523 points or 1.1% at its lowest. At close, it dived 398 points or 0.8% at 46,912. The S&P 500 settled down 75 points or 1.1% at 6,720. The Nasdaq plunged 445 points or 1.9% to 23,053. AI chip stocks were the top loser, with Nvidia (NVDA.US) slipping 3.7%, AMD (AMD.US) cratering 7.3%, and Palantir (PLTR.US) diving 6.8%. Qualcomm (QCOM.US) logged a net loss of US$3.12 billion for 4FQ, with its stock price shedding 3.6%. Arm (ARM.US) posted a 34% rise in revenue for 2FQ, with guidance beating expectations, but its stock dipped 1.2%. Techs waned, with Meta (META.US) and Microsoft (MSFT.US) both fading around 2%, Tesla (TSLA.US) losing 3.5%, and Amazon (AMZN.US) sliding 2.9%. Apple (AAPL.US) held sturdy. AASTOCKS Financial News Website: www.aastocks.com |
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