Dow Rises as Nvidia's Slump Drags Nasdaq Down


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On Monday, U. S. stocks opened vaguely higher, the sell-off that began among AI and semiconductor stocks in the prior week, extended to the S&P 500 and Nasdaq. Dow Jones Industrial Average was rose only 0. 8%; however, the news was not so good for the S&P 500 as it decreased 0. 3% while the Nasdaq Composite fell 1%. Nvidia shed 10 per cent of its value, which was its second-worst trading day in the year after it clocked the world’s most valuable company tag last Tuesday. The result could be apprehended from Micron’s (MU) quarterly performance and investors’ meeting with Nvidia once a year on Wednesday. Market interest rates in Treasury's were fairly range-bound because markets would soon be looking forward to several key releases in the week, including the personal consumption expenditures price index for May on the last trading day of the week and GDP on Thursday that will influence a Fed interest rate decision. also, BTCUSD hit $60000 level again and was bearish affecting HOOD and COIN’s stocks. Still, most US equities were up on the day; both the Dow Jones and S&P 500 rose on Friday while the Nasdaq was little changed.