Red on Wall Street: Nvidia led the way in the fall of the technology on a large scale

Red on Wall Street: Nvidia led the way in the fall of the technology on a large scale

All major US indices ended Wednesday in the red.

  • The Standard & Poor's 500 index closed 0.6 percent lower at 5,022.22 points.
  • The Nasdaq technology index closed down 1.15 percent to 15,683.37 points.
  • Industrial heavyweight Dow Jones fell 0.12 percent to 37,752.52 points.

The VIX, also known as the fear index, closed down 0.98% to 18.22.

US government bonds with a maturity of ten years, also known as “ten years”, fell by 1.59 percent and reached 4.58 percent at the close.

Today's loser: technology

Giant company Nvidia Shares fell 3.3% on Wednesday, dragging several big tech giants down with them.

Netflix It ended the day down by 0.6%. dead 0.8 percent apple 0.6 percent and Microsoft 0.4 percent.

Investors are “cutting back on some giant companies,” said Kevin Gordon, chief investment adviser at Charles Schwab. CNBC. “I think investors are starting to see that there are other parts of the market that are doing well as well,” he added.

Meanwhile, although less than 10% of companies in the S&P 500 have so far released their quarterly reports, more than 3 out of 4 companies beat Wall Street expectations, FactSet reports.

A sharp decline in oil prices

Oil prices fell significantly during Wednesday morning. The closing price of North Sea oil fell by 3% to $87.3 per barrel, while the price of West Texas Intermediate crude fell by 3.16% to reach $82.6 per barrel.

Brent crude's decline is largely due to optimism that Israel will show restraint in its response to the latest Iranian missile attack, according to reports. From inside the market.

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Meanwhile, Bank of America warns that oil prices could rise significantly and eventually reach $130 to $150 per barrel, if the conflict in the Middle East escalates further.

Trump stocks rebounded again

Donald Trump Special Trump Media and Technology Group It rebounded again after two days of sharp declines, after the company announced a major investment in streaming video — an extremely expensive industry, where players like Disney struggle to get a bang for their buck.

On Wednesday, shares corrected up 19 percent. Since the peak, the stock has fallen nearly 70 percent.

It was also one of the few bright spots that day United Airlines– The stock rose by a whopping 16 percent after better-than-expected results.

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

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