Nasdaq edges to a contemporary session low as AI trades hit exhausting
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The S&P 500 touched a session low, down 96 factors or 1.6%. The Nasdaq is hurting worse, down 2.6%.
Worryingly, among the highest flyers are being hit hardest in the present day:
- MSFT -5.6%
- NVDA -Four.7%
- META -Four.6%$
- AMD -Three% (after a 10% decline yesterday)
- SOXX semiconductor ETF -Four.Four%
- TSLA -2.6%
- GOOG -1.7% and has practically closed yesterday’s earnings hole up
There are some vivid spots on the market however it’s not an awesome search for the Nasdaq chart. The query is: Are we taking a look at election angst or a retracement within the AI commerce?
Earnings from Apple, Amazon and Intel are due after the bell.
This text was written by Adam Button at www.ubaidahsan.com.
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