Nvidia helps drag the US stock market lower as oil prices swing sharply
Nvidia helps drag the US stock market lower as oil prices swing sharply is drawing significant interest across the industry.
Nvidia is helping to drag Wall Street lower after its latest blowout profit report wasn’t enough to impress investors. The S&P 500 fell 1.1% Thursday. The Dow Jones Industrial Average slipped 218 points, and the Nasdaq composite fell 1.9%. Nvidia delivered another stellar profit report and gave a forecast for revenue that again topped analysts' expectations. But such blowout performances have become typical for Nvidia, and its stock fell toward its worst loss since April. Oil prices, meanwhile, swiveled sharply. After falling more than 2%, the price of a barrel of benchmark U.S. crude erased its loss and rose modestly.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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