As Nvidia shares dropped for a second day, the S&P 500 saw a modest decline on Friday, following a brief rise above 5,500 for the benchmark of the entire market.
On Thursday, the S&P 500 ended the day 0.25% down. The broad market index rose as much as 0.34% to reach 5,505.53 at the day’s peak.
After reaching an all-time high earlier in the day, the Nasdaq Composite also experienced a decline of 0.79%.
Outperforming all three major averages, the Dow with 30 stocks saw its greatest day of the month rise by almost 300 points, or 0.77%.
Before the bell, Nvidia dropped a another 1.5%, appearing ready to compound its Thursday 3.5% loss.
However, the chipmaker has gained more than 160% year to date and just overtook as of Tuesday, Microsoft is the most valued publicly traded firm.
Source (CNBC)
