"Tech Stocks Drag S&P 500 Lower, Materials Sector Hits New High"
TL;DR Summary
US stocks were mixed, with the S&P 500 pausing its record-setting run as tech stocks retreated, led by Nvidia and Tesla. Dollar Tree announced plans to close nearly 1,000 stores, causing its shares to plummet. Inflation concerns persist, with rising gas prices and a potential decline in home prices by year-end. Additionally, the House of Representatives advanced a bill that would give China's ByteDance six months to divest TikTok or face a US ban.
- Stock market today: Nvidia, Tesla drag tech stocks lower as S&P 500 pulls back from record Yahoo Finance
- S&P 500, Nasdaq close lower Wednesday as Nvidia and tech sector falter: Live updates CNBC
- Stocks close mixed, materials sector hits new high Yahoo Finance
- Wall Street ends mostly lower as chipmakers ease; inflation data ahead Reuters
- Stock Market Today: S&P 500 Flat After Record High; Nvidia, Tesla, Boeing, Intel, Coinbase, Southwest Airlines, and More Movers; Bitcoin Rally Continues Barron's
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