U.S. Stocks Open Mixed on Tuesday; Nvidia Stock Rebounds 2% After Falling Into a Correction

Tiger Newspress06-25

The S&P 500 and Nasdaq Composite rose Tuesday, led by a rebound in Nvidia shares after a sharp downturn in the stock a day prior.

The broad market S&P 500 climbed 0.2%, while the Nasdaq advanced 0.6%. The Dow Jones Industrial Average lagged, losing 63 points, or 0.2%.

Nvidia shares were up 2.6%. In the previous session, the stock dropped more than 6% to mark its biggest one-day slide since April 19 — when it lost 10%.

The latest decline pushed the AI darling deeper into correction territory, down 16% from an intraday record set last week. Other semiconductor stocks were also under pressure on Monday, including Super Micro Computer, Qualcomm and Broadcom.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Andrewinho
    06-25
    Andrewinho
    Cheap!! 👏👏👏👏👏
Leave a comment
1