Tuesday’s stock market decline, with the Dow Jones Industrial Average retreating from record highs.
The Dow set intraday and closing records on Monday, defying the direction of the wider market. In the meantime, a fall in tech equities and an increase in less popular sectors like energy suggested that investors may be shifting away from one of the main drivers of the market during the previous year.
On Wednesday, investors will be watching closely for Nvidia, a major beneficiary of artificial intelligence, to release its earnings. The semiconductor company’s stock ended the day Monday more than 2% lower, albeit it saw a little increase in after-hours trade.
Investors will be watching Nvidia closely as it has emerged as a major indicator for tech equities and AI in general.
Source (CNBC)
