Nvidia, Stock Market
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AI pioneer Nvidia was again the heaviest weight on the market. The chipmaker's drop of 3.2% brought its loss for the month to nearly 11%, putting it in "correction" territory, or when a stock falls at least 10% from its previous high. The company is scheduled to report is third-quarter financial results on Wednesday.
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Is a Stock Market Crash Coming? 3 Simple Moves to Make Right Now to Protect Your Investments
The tides of investor sentiment seem to be shifting, with more investors feeling pessimistic about the future. Just under 50% of U.S. investors are "bearish" about the next six months, according to the most recent weekly survey from the American Association of Individual Investors, with only around 32% feeling "bullish."
The S&P 500, a broad measure of stocks, gained 1.5% as trading opened. The tech-heavy Nasdaq jumped 2%, but later backed down slightly from its high. The Dow Jones Industrial Average rallied 600 points, around 0.8%.
The fact that a small group of consumers is driving growth leaves the economy more susceptible to a downturn. Higher-end households are more vulnerable to a stock market correction, for example.
Since April’s low, stock market pullbacks like we’re witnessing in the S&P 500 and Nasdaq Composite, which are down about 3.4% and 4.4%, respectively, over the past five trading days, have led risk-tolerant investors to ‘buy the dip.’
The U.S. stock market appeared geared up for a rebound after Nvidia’s stronger-than-expected earnings report after th
The stock market’s fear gauge spiked to its highest levels in a month. The CBOE Volatility Index, or VIX, surged as high as 28.27 on Thursday, which was its highest intraday level since Oct. 17. It later pulled back to 26.
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How did the stock market close today? Top Stock movers: GE Vernova, Block, DoorDash, and Plug Power
GE Vernova, the spinoff energy business of General Electric, announced its first onshore wind repower upgrade outside the United States on Wednesday, November 19. The company’s stock rose 7.3% intraday, bringing its year-to-date gain to 80%, continuing its upward trend after hours.
The S&P 500 is tracking toward its worst November since 2008 amid mounting concerns over an AI-fueled "bubble" that not even Nvidia and its CEO, Jensen Huang, could allay after it