"Stock Market Rally Stalls as Nvidia Sinks 5% Following Jobs Report"

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Source: Yahoo Finance
"Stock Market Rally Stalls as Nvidia Sinks 5% Following Jobs Report"
Photo: Yahoo Finance
TL;DR Summary

Stocks closed down on Friday as the rally stalled following the jobs report and Nvidia's 5% drop, with the S&P 500 losing 0.7% and the Dow Jones shedding 0.2%. SEC Chair Gensler warned about cryptocurrency abuses as bitcoin surged to a new all-time high, while Apple's oversold stock saw a pop. Elon Musk's dispute with OpenAI and the February jobs report bolstering the case for a rate cut were also notable. Additionally, RealPage expects muted rent growth in 2024, and Costco's unique business moves were highlighted.

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