"Nvidia's 4% Drop Drives Tech-Led Stock Market Slide Today"

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Source: Yahoo Finance
"Nvidia's 4% Drop Drives Tech-Led Stock Market Slide Today"
Photo: Yahoo Finance
TL;DR Summary

US stocks fell as tech stocks led the slide, with Nvidia falling almost 4% and Meta sliding over 1%. The tech sector was the worst-performing sector in the S&P 500. Oil prices fell as geopolitical tensions eased, and mortgage demand picked up despite rising rates. Investors are increasingly expecting no landing for the US economy, and earnings season is under scrutiny as companies that miss estimates are seeing significant stock reactions. United Airlines stock soared after reporting better-than-expected quarterly results, while ASML's earnings miss sank the chip sector.

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