Dow, NASDAQ and NVIDIA
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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.
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.
The U.S. stock market swung through another unsettled day of trading, ahead of a couple of crucial tests for Wall Street.
Nvidia shares rose about 5% in off-hours trading following the AI chipmaker's earnings on Wednesday. + That would be well above the average price gain for the past eight quarters on the trading day after earnings,
Stock index futures climbed following the September nonfarm payrolls release, with S&P 500, Nasdaq, and Dow showing gains.
The major U.S. stock indexes opened lower on Tuesday, continuing the recent selloff. Both the Dow Jones Industrial Average and S&P 500 declined for the past three trading days, and are on pace for their fourth.