Dow, Nasdaq and Nvidia
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Stock futures pointed sharply higher Thursday, a day after AI darling Nvidia reported quarterly results above analysts' lofty expectations.
Shares of Dow Inc. slid 5.49% to $21.67 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.92% to 6,672.41 and Dow Jones Industrial Average falling 1.
AI pioneer Nvidia was again the heaviest weight on the market. The chipmaker's drop of 3.2% brought its loss for the month to nearly 11%, putting it in "correction" territory, or when a stock falls at least 10% from its previous high. The company is scheduled to report is third-quarter financial results on Wednesday.
Major stock indexes ended sharply lower to begin the week, which will see AI darling Nvidia and retail giants report quarterly results, as well as the release of the September jobs report delayed because of the U.
The U.S. stock market swung through another unsettled day of trading, ahead of a couple of crucial tests for Wall Street.
Stock index futures climbed following the September nonfarm payrolls release, with S&P 500, Nasdaq, and Dow showing gains.
BellRing Brands' board has approved a new two-year, $600 million share-repurchase program. BellRing on Thursday said the new buyback replaces the $400 million program it launched in September, under which the St. Louis maker of protein drinks and other nutrition products had repurchased about $123 million in stock.
The U.S. stock market fell as Nvidia and other superstars created by the frenzy around artificial-intelligence technology dimmed some more.