The recent selloff in Big Tech stocks has eroded the United States’ dominance in the global equity market. With a market capitalisation of $59.3 trillion, the US now accounts for 47.8% of the world’s equity market, down from nearly 51% in February, according to Bloomberg data. In comparison, China—the second-largest equity market—holds a 9% share, […]
Tech stocks lead Nasdaq, S&P 500 lower as rebound attempt fails – CNBC TV18
A clutch of tech stocks led benchmark indices lower on Monday, particularly the Nasdaq and the S&P 500, as a comeback attempt from Friday’s sell-off failed on Wall Street. Company Value Change %Change The Nasdaq ended 1.2% lower, dragged by Palantir, which shed another 10.5%, along with Microsoft and Nvidia, which fell 3% ahead of […]
S&P 500, Nasdaq decline on Wednesday, futures extend losses post Nvidia results – CNBC TV18
US markets fell in regular trading on Wednesday as the street awaited results from Nvidia which were to be reported after the bell. The Nasdaq Composite fell 1.1% led by a decline in the chipmaker, whose shares fell 2% in regular trading before results were announced. The S&P 500 fell 0.6%, while the Dow Jones […]