Stock Market Today: Dow falls as Nvidia weakness, jump in Treasury yields bite
Investing.com -- The Dow closed lower Wednesday as Nvidia continued to weigh on tech for a second-straight day and rising Treasury yields continued put the squeeze on stocks.Wall Street estimates, but underperformance in its wealth management and investment banking division sent its shares more than 6% lower.
The remarks come just a day ahead of Fed chairman Jerome Powell’s remarks at week the Economic Club of New York on Thursday at 12pm ET. Morgan Stanley cut its price target for Nvidia shares 5 Biden administration0 $600 from $630 as the curbs mark a"significant setback" for the company.) reported better-than-expected Q3 results, but its guidance on profit fell short of estimates as higher fuel costs and suspended flights to Tel Aviv are expected to weigh. Its shares slumped nearly 10%.
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