Nasdaq Falls 336 Points at Close, Weighed Down by Nvidia, Microsoft, and Other Tech Stocks; Software Shares Stay Weak
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
0mins
Should l Buy ?
Source: aastocks
Market Performance: The US stock market showed mixed results, with the Nasdaq falling 1.4%, the S&P 500 down 0.8%, and the DJIA closing down 0.3% after fluctuating throughout the session.
Tech Stocks Decline: Major tech companies like Microsoft and Meta dropped over 2% following their quarterly results, while NVIDIA fell nearly 3%. Software stocks also struggled, with ServiceNow hitting a 52-week low.
Apple's Stability: Despite the overall decline in tech stocks, Apple remained stable during the trading session.
Crude Oil Stock Change: The API reported a decrease in crude oil stock change for January 2023, with a value of -0.25M, which is lower than the previous figure of 3.04M and below the forecast of 1.45M.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
