Treasury yields were rising on Wednesday, which threatened to wipe out one of the few remaining gains for investors as stocks plummeted.
Nvidia is a company that is leading the AI market. The 1% decline in the Dow Jones Industrial Average was 387 points.
Notwithstanding the 0.4% decline in the Nasdaq Composite, the S&P 500 fell 0.6%. Even though Nvidia had flirted with negative territory earlier in the day, it ended the day 1% ahead.
Since its explosive results announcement last week, the megacap tech name has increased during every trading session, exhibiting a total post-earnings jump of around 20%. After cutting its second-quarter sales forecast, American Airlines saw a more than 15% decline in stock price.
Southwest Airlines experienced a 4% decline in sympathy. Conversely, Dick’s Sporting Goods had a more than 14% increase thanks to solid profits and updated projections.
Source (CNBC)
