Wall Street today: US stocks end lower as investors eye inflation data, Nvidia slumps 2.5% on China probe
3 months, 2 weeks ago

Wall Street today: US stocks end lower as investors eye inflation data, Nvidia slumps 2.5% on China probe

Live Mint  

US stock market indices ended lower on Monday weighed down by tech stocks amid fall in AI leader Nvidia stock price and ahead of the release of crucial inflation data later this week. Advanced Micro Devices shares plunged 5.7% after BofA Global Research downgraded its rating on the stock, Comcast share price tanked 9.5%, while Hershey stock price surged 10.9% and Mondelez shares fell 2.3%. In the bond market, the yield on the 10-year Treasury rose to 4.19% from 4.15% late Friday, Crude oil Oil prices jumped on Monday on fresh moves by China to boost its economy and as traders tracked an uncertain future for Syria. Brent crude oil prices edged up 1.4% at $72.14 per barrel, while US West Texas Intermediate crude oil rose 1.7% to $68.37 per barrel.

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