Stock market today: Stocks wobble as Nvidia, AI rally shows signs of fatigue
How much did the S&P 500 and Nasdaq Composite fall recently?
The S&P 500 and Nasdaq Composite experienced a slight dip, with the S&P 500 losing around 0.2% and the Nasdaq Composite falling by 0.3%. This came as the tech-led rally showed signs of fatigue, and investors assessed the broader health of the US economy and the path for interest rates.
How did Nvidia's stock performance impact other chip stocks?
Nvidia's stock performance had a significant impact on other chip stocks, particularly those with ties to AI technology. As Nvidia's shares surged, so did the stocks of companies with connections to Nvidia, including Dell Technologies and various semiconductor firms such as Micron Technology and Marvell Technology. This can be attributed to the increased demand for AI chips and the overall positive sentiment surrounding the AI sector.
How did home prices in the Northeast compare to last year?
In the Northeast, home prices saw a significant increase compared to last year. The median price for previously owned homes rose to $479,200, marking a 9.2% gain from May 2023. This growth was more pronounced than the overall national increase of 5.8% during the same period.