Home » U.S. stocks fell slightly, the Dow fell nearly 100 points, Nvidia rose nearly 4% and was unable to support itself_ Oriental Fortune Network

U.S. stocks fell slightly, the Dow fell nearly 100 points, Nvidia rose nearly 4% and was unable to support itself_ Oriental Fortune Network

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U.S. stocks fell slightly, the Dow fell nearly 100 points, Nvidia rose nearly 4% and was unable to support itself_ Oriental Fortune Network

U.S. Stocks Fall Slightly, Dow Drops Nearly 100 Points, Nvidia Rises

The three major indexes weakened in late trading, with the Nasdaq falling 0.4%. Medium- and long-term U.S. bond yields rose, with the benchmark 10-year U.S. bond returning to 4.20%. Tesla fell more than 7% as the company announced a new round of price discounts and incentives.

U.S. stocks fell slightly on Monday as investors awaited a busy week, with Federal Reserve Chairman Jerome Powell testifying before Congress and crucial U.S. employment data. The Dow fell 97.55 points, Nasdaq fell 0.41%, and the S&P 500 fell 0.12%. Communications services and consumer discretionary sectors were among the top decliners, with safe-haven utilities leading the market.

In terms of individual stocks, NVIDIA rose 3.6% and surpassed Saudi Aramco to become the world‘s third-largest listed company in terms of market value. Apple fell 2.5% after being fined by the EU for violating competition law. Tesla fell 7.2% after announcing price discounts and incentives. AMD shares rose 18.6% after being added to the S&P 500 list.

Macy’s rose 13.5% after a bid raise by investment firms. This week, Federal Reserve Chairman Jerome Powell will testify before Congress on monetary policy. Rising bond yields and inflation data weighed on market sentiment.

Bank of America raised its target for U.S. stocks to 5,400 points but sees a high likelihood of a near-term market correction. Crude oil prices fell after OPEC+ extended production cuts. Gold prices rose sharply on expectations of interest rate cuts.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Proceed at your own risk. Source: China Business News.

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