Nasdaq, Dow Jones and S&P 500 nosedive amid concerns on inflation
The Nasdaq was the hardest hit, as bears pounced on tech stocks like Nvidia (NVDA), Microsoft (MSFT), and Apple (AAPL).
The Nasdaq was the hardest hit, as bears pounced on tech stocks like Nvidia (NVDA), Microsoft (MSFT), and Apple (AAPL).
The DOW gained 7.5 points, or 0.02%, to open at 34785.27 Index points.
U.S. stocks made a late-session turnaround on Thursday, closing at session highs.
The Dow Jones Industrial Average rose 97.31 points or 0.3% to close at 34,230.34, a new high.
Stocks took a drive on Monday with Nasdaq plunging (-0.98%) at the end of the trading session.
The S&P 500 increased by (+0.33%) as the Dow made a loss of (-0.20%).
Assumptions for prolonged apex bank support and world extension can be seen as the main driver of stocks' expectational performance.
The yield on the 10-year Treasury note jumped down slightly to about 1.71%.
Technology stocks led the advances, and the Nasdaq outperformed with a gain of 1.8% during the session.
Nasdaq started the day bearish before making a bullish return on the back of Apple with an Increase of (+1.27%) ...