Source: Yahoo! Finance
“US stocks rolled over Thursday with tech leading the losses as investors turn their focus to a key speech from Fed Chair Jerome Powell on Friday. The S&P 500 fell about 0.9% while the tech-heavy Nasdaq Composite fell almost 1.7%, led by a drop in shares of AI chip giant Nvidia (NVDA). The Dow Jones Industrial Average fell 0.5% after the three indexes closed in the green on Wednesday. The Fed’s Jackson Hole symposium kicked off Thursday with the market on high alert for any shift in tone from the policymakers when Powell speaks at the event on Friday.” (08/22/24)