US stocks dip after jobs data & economic emergency report, quantum-computing shares tumble on Nvidia CEO remarks
Live MintWall Street today: US stock indices declined on Wednesday after softer-than-expected jobs data and a media report that said President-elect Donald Trump was mulling a national economic emergency declaration. At 9:52 a.m. the Dow Jones Industrial Average fell 117.37 points, or 0.28 per cent, to 42,410.99, the S&P 500 lost 6.27 points, or 0.11 per cent, to 5,902.76 and the Nasdaq Composite lost 9.11 points, or 0.05 per cent, to 19,480.57. At the open, the Dow Jones Industrial Average rose 13.7 points, or 0.03 per cent, to 42,542.1. The S&P 500 rose 1.6 points, or 0.03 per cent, to 5,910.66, while the Nasdaq Composite dropped 20.3 points, or 0.10 per cent, to 19,469.365. Quantum-computing stocks such as Rigetti Computing tumbled 41.5 per cent, IonQ shed 36.5 per cent and Quantum Computing lost 40.6 per cent after Nvidia CEO Jensen Huang said that computers based on the emerging technology are as much as 30 years away.