"Inflation Data Sparks Dow Jones Dive, Nvidia Gains in Market Correction"

1 min read
Source: Investor's Business Daily
"Inflation Data Sparks Dow Jones Dive, Nvidia Gains in Market Correction"
Photo: Investor's Business Daily
TL;DR

The Dow Jones Industrial Average fell as inflation data came in higher than expected, with Nvidia rising despite a market correction, while Tesla, Apple, and Microsoft struggled. The tech-heavy Nasdaq and benchmark S&P 500 also dropped, with sectors like real estate and utilities being hit the hardest. The latest consumer price index reading stoked inflation fears, leading to a negative impact on stocks. Additionally, some stocks showed strength near buy points, including Icici Bank and Axon Enterprise.

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