Stocks (^DJI, ^IXIC, ^GSPC) reversed course throughout Wednesday and ended up closing the session lower. The Nasdaq Composite fell by over 180 points. Market Domination Overtime Host Julie Hyman reviews the day's trading activity, eyeing the performance of tech leaders Nvidia (NVDA) and Snap Inc. (SNAP). For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
(Bloomberg) -- A gauge of global chip stocks and AI bellwether Nvidia Corp. have fallen together into a technical correction, showing moderation in the global equity market’s most conspicuous driver over the past year and a half.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsTesla Asks Investors to Approve Musk’s $5
Nvidia and chips led the latest market retreat Wednesday. Taiwan Semiconductor earnings and guidance were upbeat.