NVIDIA Suffers Historic One-Day Market Value Loss
NVIDIA faced a record-breaking single-day drop in market capitalization, losing 9.5% and erasing $278 billion on Tuesday.
U.S. financial markets saw significant declines, with the S&P 500 falling 1.4%, the Dow Jones dropping 380 points, and the Nasdaq losing around 2%, extending losses from the previous week.
U.S. financial markets saw significant declines, with the S&P 500 falling 1.4%, the Dow Jones dropping 380 points, and the Nasdaq losing around 2%, extending losses from the previous week.
Investor concerns over the U.S. economic outlook continue to grow, as uncertainty surrounding trade policy weighs on sentiment.
President Trump acknowledged the potential for an economic slowdown but framed the current conditions as a "period of transition" following recent tariff policy adjustments.
NVIDIA faced a record-breaking single-day drop in market capitalization, losing 9.5% and erasing $278 billion on Tuesday.
US inflation fell to 2.9% in July 2024, its lowest since March 2021, driven by slower increases in shelter, transportation, and apparel costs. Core inflation also eased to 3.2%, with shelter contributing significantly to the monthly CPI rise.
U.S. crude oil production has hit a record 13.4 million barrels per day, solidifying America's position as the world's top oil producer, outpacing Russia and Saudi Arabia.