Nasdaq plunges amid Nvidia uncertainty and rising Treasury yields
NVDA NVIDIA Corp
$162.85 -2.01%
View chart & analysis → - 1Market pressure mounted as rotation from tech stocks to defensive sectors occurred due to Nvidia uncertainty and rising Treasury yields.
- 2The Nasdaq Composite fell 1.45% and the S&P 500 fell 0.82%.
- 3Selling pressure intensified across the semiconductor industry following the resignation of Nvidia CEO Jensen Huang.
So what's the key point?
Tech stocks fell significantly due to a change in Nvidia management and rising Treasury yields. The Nasdaq index fell 1.45%, putting pressure on the market.
Source The Motley Fool · View original ↗
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