Stocks tumble despite Nvidia’s push, weighed down by inflation fears

Stocks tumble despite Nvidia’s push, weighed down by inflation fears

U.S. stocks closed lower on Thursday as a rally in Nvidia shares, sparked by a strong revenue forecast from the company, was overshadowed by economic data showing that U.S. inflation is still a concern that could delay revenue cuts. Federal Reserve interest rates.

According to preliminary data, the S&P 500 index fell by 0.72% to 5,268.57 points. The Nasdaq technology index fell 0.39% to 16,736.27 points. The Dow Jones fell 1.52% to 39,068.57 points.

Source: Terra

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