Stock indexes took a hit on Monday, with Dow Jones futures leading the sell-off. Tech giant Nvidia faced a dive in its stock price after reports emerged about delays in its Blackwell AI chips. The market drop was further exacerbated by falling Treasury yields and oil prices.
Investors watched closely as the 10-year Treasury yield fell and oil prices dropped. Exchange-traded funds like QQQ and SPY also took a hit early on. Meanwhile, the price of Bitcoin saw a significant drop along with Coinbase Global’s stock price.
Nvidia’s stock took a hit after announcing delays in its AI chips, raising concerns among investors and cloud customers. The week’s economic calendar was light, with only a few key data points for investors.
The stock market saw significant losses last week, with major indexes falling across the board. It’s essential for investors to stay informed about market conditions and make necessary adjustments to their portfolio.
Companies like MercadoLibre, ServiceNow, Shake Shack, and Spotify were among the top stocks to watch. These companies were either in or near buy zones, offering potential opportunities for investors.
Tesla, Amazon, Apple, and Microsoft were major players in the market, with stock prices reacting to various factors. It’s crucial for investors to keep an eye on these companies, as they can have a significant impact on market movements.
Overall, staying informed about market trends, adjusting to changing conditions, and identifying potential opportunities are key strategies for navigating the stock market successfully.
