Dow, NVIDIA and S&P 500
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Dow opens 125 points lower to start a crucial week for delayed economic data; Nvidia earnings on tap
U.S. stocks opened lower on Monday as investors brace for the release of a backlog of economic data and await earnings from Nvidia Corp. and several big retailers. A highly anticipated September jobs report is due to be released on Thursday.
The S&P 500 dipped 0.8% while the tech-heavy Nasdaq fell 1.1% as investors panicked over whether AI firms have been overvalued – extending a rocky tech rout into its third week.
Stocks closed markedly lower on Tuesday as fears of a bubble in artificial intelligence technology hammered markets for a fourth consecutive trading day.
U.S. stocks ended sharply lower on Monday, with the S&P 500 and the Nasdaq closing below a key technical indicator for the first time since late April as investors braced for quarterly results from retailers and chip giant Nvidia and awaited a long-delayed U.
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Stock Market Today: Dow Wobbles As Nvidia Slides; Google Jumps On Warren Buffett Stake (Live Coverage)
The Dow Jones index wavered Monday as Nvidia declined in premarket trading. Google stock jumped on a Warren Buffett purchase.