S&P 500 and Nasdaq Fall as Oil Prices Pop and Nvidia Weighs on Tech
Key takeaways
- indices declined on Thursday with the S&P 500 down about 0.5% and Nasdaq losing 0.7%, pressured by rising crude prices, higher Treasury yields, and Nvidia's post-earnings selloff.
- The Dow traded near flat amid broader market caution.
AI insight — what it means
Stock indexes like the S&P 500 dropped because higher oil costs and a big tech stock's weak reaction to its earnings made investors pull back. This shows how outside factors like energy prices can drag down broad market values even when the economy looks steady.
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