Stocks retreated on Monday as the recent market surge that propelled major stock indices to all-time highs tapered off. Investors were also awaiting the release of new U.S. inflation figures.
The Dow Jones Industrial Average shed 54 points, or 0.1%, while the S&P 500 and Nasdaq Composite each dipped 0.2%.
Shares of information technology company Super Micro Computer declined by over 5%, and chipmaker Nvidia experienced fluctuating movements in a volatile trading session. These fluctuations raise doubts among investors about the future potential of AI-related stocks following significant price increases.
Meta, formerly known as Facebook, faced challenges as its stock plummeted by more than 3%. In a different sector, pharmaceutical giant Eli Lilly saw a decline of nearly 4%.
Source (CNBC)
