Wall Street ends down; investors brace for Nvidia report
By Noel Randewich and Johann M Cherian
Wed August 28, 2024 4:16 PM
The skepticism regarding Nvidia’s quarterly report due tomorrow was back in full force today with all the indexes dipping sharply until about 2 pm, the Dow down some 400 points, before rebounding to recover more than half the loss. Nvidia has been going great guns, the leader of tech and AI this year, and the consensus seems to be that this huge run can’t last forever and may very well end tomorrow if the report is anything less than stellar. All the chip companies declined, the chip index itself down 1.5% with 8 of the 11 S&P sectors also down. Coming at 9.9 billion shares traded, volume was still way below the 4-week average of 11.7 billion.
DJ: 41,250.50 +10.00 NAS: 17,754.82 +29.05 S&P: 5,625.80 +8.96 8/27
DJ: 41,091.42 -159.08 NAS: 17,556.03 -198.79 S&P: 5,592.18 -33.62 8/28
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