The US market, which has been declining in recent weeks, was expected to stabilize after a spike in positive business news. However, despite better-than-expected employment in September, good sales at artificial intelligence (AI) semiconductor giant Nvidia and the world’s largest retailer Walmart, and even a rebound in home sales, investor concerns have not yet been allayed.
The three largest stock indices in the US After an early morning rise, the US started to decline again on Thursday. The Dow Jones Industrial Average dropped 0.8%, the Nasdaq lost more than 2%, and the S&P 500 finished the day 1.5% lower.
Nvidia’s stock plunged more than 3% in New York after rising throughout Thursday morning trading. In reference to the abrupt decline in the larger US market rise on Thursday, James Stanley, a senior analyst at StoneX, stated, “The reaction is noteworthy, because what should have happened, didn’t happen.”
You need to find out what’s going on beneath the surface. Asia saw an almost 2% decline in Japan’s Nikkei 225 and a more than 8% decline in technology investment giant Softbank. Kospi in South Korea fell by 3.2%. Samsung’s stock dropped more than 4%, while SK Hynix’s dropped nearly 8%.
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