New York Stock Exchange (NYSE). Reuters News,
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, ‘Amid market uncertainty following Nvidia’s earnings release, the New York stock market closed mixed. The Dow Jones Industrial Average hit a record high, while the Nasdaq, which includes Nvidia, closed lower reflecting disappointment.’,
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, ‘On the 29th (local time), the Dow Jones Industrial Average on the New York Stock Exchange (NYSE) closed at 41,335.05, up 243.63 points (0.59%) from the previous trading day, marking a record high.’,
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, ‘MobileAdNew center’, ‘On the other hand, the tech-heavy Nasdaq index closed at 17,516.43, down 39.60 points (0.23%). Nvidia’s stock decline of over 6% had a significant impact. The S&P 500 index, which is dominated by large-cap stocks, also closed down 0.22 points (0.0%) at 5,591.96.’,
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, ‘Nvidia’s sharp decline was prominent in the New York stock market that day. Nvidia’s stock opened at $121.355, down 3.39% from the previous trading day, and although it appeared to recover with a decrease of 0.94% during the trading session, uncertainty seemed to spread again in the afternoon, pushing the stock price lower until the market closed. Ultimately, the stock fell by 6.38% from the previous trading day, breaking the $120 per share mark.’,
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, ‘Such a decline in Nvidia weighed on the S&P 500 and Nasdaq indices. However, the Dow Jones Index, which does not include Nvidia, closed higher, hitting its 25th record high this year as most stocks showed strength and ended the day with gains.’,
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, ‘On the other hand, Nvidia’s earnings for the last quarter, released after the market closed on the 28th (local time), exceeded market expectations, but the gross profit margin declined compared to the previous quarter for the first time in 2 years. Concerns arose about a potential slowdown in growth as the results did not meet investors’ heightened expectations, leading to selling pressure. In after-hours trading on the same day, Nvidia’s stock fell by nearly 7%, and the market capitalization evaporated by 26.7 trillion won.\n’]