The stock market experienced a reversal at Thursday’s close following the release of Nvidia’s fiscal first-quarter earnings report. The Dow Jones Industrial Average dropped by 605 points, or just over 1.5%, while the S&P 500 fell below 5,300. Market analysts like Julia Hyman and Jared Blikre discussed the day’s market performance and highlighted losses in the semiconductor industry.
Nvidia’s CEO, Jensen Huang, gave an exclusive interview on Yahoo Finance discussing the company’s performance. The stock market saw all 11 sectors closing in the red, with cannabis and Bitcoin sectors experiencing significant losses. The semiconductor industry heat map showed mixed results, with some companies like Taiwan Semiconductor seeing gains while others like GlobalFoundries and AMD experienced losses.
Nvidia’s stock had a record closing, rising by 9.3% during the day. Overall, the market performance was impacted by various factors including concerns about cash flow challenges at Boeing and developments in the semiconductor industry. Further insights and analysis on the day’s market action can be found by watching the full episode of Market Domination Overtime.
In summary, the stock market experienced a significant decline at Thursday’s close, with the Dow Jones Industrial Average and S&P 500 dropping due to various factors including Nvidia’s earnings report and sector-specific challenges. Market analysts highlighted the performance of different sectors and companies, shedding light on the impact of specific events on market movements. Investors are advised to stay informed and monitor market trends to make informed decisions.
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https://finance.yahoo.com/video/stocks-close-lower-dow-falls-201419915.html
