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<US Mkt>Nasdaq, S&P 500 Start Sep With 2D Losing Streak; NVIDIA Once Reverses to Gain, Closing Down ~2%
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US stocks posted back-to-back losses in the first two trading days of September, marking a dismal performance. US stocks waned on Wednesday. The DJIA closed 38 points, or 0.1%, higher at 40,974. However, the S&P 500 and Nasdaq closed lower. The S&P 500 closed at 5,520, down 8 points or 0.2%, while the Nasdaq, after Tuesday's big drop, closed at 17,084, down 52 points or 0.3%. NVIDIA (NVDA.US) reportedly received a subpoena from the US Department of Justice in connection with an antitrust investigation. NVIDIA clarified that it had not received a subpoena. Its stock price briefly turned upward, but still fell about 2% for the day. Conversely, AMD (AMD.US) rallied about 3%. Some leading tech and chip stocks held steady. Meta (META.US) edged up 0.2%. Tesla (TSLA.US), which is bringing its latest technology to the conference on the Bund, surged 4.2%. Broadcom (AVGO.US) inched up 0.9%. Qualcomm (QCOM.US) gained 1.3%. AAStocks Financial News |
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