Technology stocks led Wall Street broadly lower as chipmaker Nvidia $NVDA pulled back ahead of its earnings report this week.
Technology stocks led Wall Street broadly lower as chipmaker Nvidia pulled back ahead of its earnings report this week
Technology stocks led Wall Street broadly lower as chipmaker Nvidia $NVDA pulled back ahead of its earnings report this week.
The S&P 500 fell 0.6% Tuesday. The benchmark index is coming off only its second losing week in the last 16.
The Nasdaq $NDAQ composite gave up 0.9% and the Dow lost 0.2%.
Nvidia, which has ridden a wave of investor enthusiasm over artificial intelligence, lost 4.4%. The stock has more than tripled over the past year.
Walmart $WMT rose 3.2% after reporting stronger-than-expected results for its latest quarter and issuing sales forecasts that came in ahead of what Wall Street was expecting.
On Tuesday:
The S&P 500 fell 30.06 points, or 0.6%, to 4,975.51.
The Dow Jones Industrial Average fell 64.19 points, or 0.2%, to 38,563.80
The Nasdaq composite fell 144.87 points, or 0.9%, to 15,630.78
The Russell 2000 index of smaller companies fell 28.60 points, or 1.4%, to 2,004.14.
For the year:
The S&P 500 is up 205.68 points, or 4.3%.
The Dow is up 874.26 points, or 2.3%.
The Nasdaq is up 619.43 points, or 4.1%.
The Russell 2000 is down 22.93 points, or 1.1%.
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