New York stock market rebounds after overcoming plunge in AI stocks... Only Nvidia plummeted by 4%.
Quick Look
- The three major stock indices of the New York Stock Exchange all rose sharply thanks to a plunge in international oil prices and the buying trend of low-cost technology stocks.
- However, Nvidia fell more than 4% on the news of CEO Jensen Huang's admission of affair.
AI-generated summary
Why It Matters
The rebound that appeared centered on technology stocks on the 6th spread throughout the market on this day.
The three major stock indices of the New York Stock Exchange rose sharply on the 9th (local time), thanks to a sharp drop in international oil prices and low-price buying of technology stocks.
On this day, on the New York Stock Exchange (NYSE), the Dow Jones Industrial Average ended trading at 52,389.75, up 1,104.02 points (2.15%) from the previous day.
The Standard & Poor's (S&P) 500 index closed at 7,549.94, up 173.08 points (2.35%) from the previous day, and the Nasdaq Composite Index, centered on technology stocks, closed at 25,253.14, up 673.71 points (2.74%).
The rebound that appeared centered on technology stocks on the 6th spread throughout the market on this day.
However, Nvidia fell more than 4%, falling more than 4% after CEO Jensen Huang admitted an affair with a female businesswoman suspected of being a spy linked to Chinese intelligence agencies.
NVIDIA's stock price fell to $170.24 immediately after opening, falling 8.79%.
What to Watch
AI outlook — possibilities, not facts
Nvidia stock price is likely to fall further
Possible · Within days
Open Questions
- Will Nvidia's stock price decline continue?
- Will the buying trend of low-priced technology stocks continue in the future?
