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STOCK MARKET SNAPSHOT FOR 24/05/2024 | Hellenic Shipping News Worldwide

STOCK MARKET SNAPSHOT FOR 24/05/2024 | Hellenic Shipping News Worldwide
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Nasdaq jumps on Nvidia results cheer, inflation woes drag broader market

The tech-heavy Nasdaq climbed on Thursday as investors cheered AI chip leader Nvidia s blowout revenue forecast, but persistent worries about U.S. inflation limited gains in the broader U.S. market. .

Tech Stocks Tumble as Nvidia Earnings Awaited and Fed Holds Steady

The Nasdaq fell as investors grew cautious ahead of Nvidia's earnings and Fed officials signaled no immediate rate cuts. Nvidia dropped 1.3%, dragging the Philadelphia SE Semiconductor index down 1.2%. The S&P 500 saw information technology stocks lead the decline, impacted by broader market sentiment.

Wall Street ends sharply lower as hot inflation sparks sell-off

NEW YORK: Wall Street’s main indices tumbled on Tuesday (Feb13) after a higher-than-expected consumer inflation reading pushed back market expectation.

Wall St slides as hot inflation data dampens early rate-cut hopes

Wall St slides as hot inflation data dampens early rate-cut hopes
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