Nvidia’s Performance Drags Down S&P 500 and Nasdaq – Wall Street Journal

reported that Nvidia’s announcement of lower revenue expectations for the fourth quarter of 2021 has had a significant impact on the stock market. The stock prices of the S&P 500 and the Nasdaq both saw declines following Nvidia’s forecast adjustment. The tech giant’s lowered projections are attributed to supply chain disruptions and a decrease in demand for its products. The news of Nvidia’s weakened financial outlook has caused concern among investors, leading to a decrease in stock prices across the board. This development underscores the ongoing challenges faced by companies in the tech industry amid the global pandemic and its associated economic repercussions. Investors will be closely monitoring Nvidia and other tech companies as they navigate through these uncertain times.

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https://www.wsj.com/finance/stocks/global-stocks-markets-dow-news-06-24-2024-0c66c410