Unexpected Economic Turn Leads to Stock Market Decline
In a surprising turn of events, the announcement of the financial report from 英伟达 (NVIDIA) has resulted in a significant decline in the US stock market. While the full report has not been released, investors have already begun to depart from the stock at a staggering rate, causing a downturn in the market. This decline has had a widespread impact, with various sectors feeling the effects.
The technology sector has been hit the hardest, with chip manufacturer NVIDIA experiencing the largest drop in stock prices. The S&P 500 index fell by 0.6%, and the Nasdaq Composite index dropped by 0.9%. The Dow Jones Industrial Average saw a decline of 64 points, amounting to a 0.2% decrease.
In the foreign exchange market, the US dollar index fell by 0.13%, dropping to 98.50 points. This marks the fourth decline in the past five trading days.
The US Treasury market also saw a decrease in yields, with the benchmark 10-year Treasury yield falling to 4.276%. This indicates a higher-than-expected level compared to previous years, suggesting that traders anticipate the Federal Reserve to maintain interest rates until inflation shows signs of easing.
Additionally, the commodity market experienced a decline in oil futures. West Texas Intermediate crude oil prices fell by 1.8%, while Brent crude oil prices dropped by 1.5%. The March delivery of WTI crude oil futures fell by 1.3%, adding to the overall market downturn.
The release of NVIDIA’s financial report has sent shockwaves through the financial markets, leading to widespread declines across various industries. As investors eagerly await the full report, the impact of this unexpected economic turn continues to unfold.