Global markets update: US stocks slump over 1% ahead of Powell's speech at Jackson Hole, Nvidia rises
buyback plan and record quarterly revenue. During the session, the company surged as high as $502.66. Nvidia closed up 0.12% at $471.74.
Its stock is now 223% up year-to-date. Other chipmakers fell as investors focused on Nvidia. Shares of Marvell Technology and Advanced Micro Devices Inc shed nearly 7%.
Intel fell 4.1%. Currencies The US dollar rose at 145.86 Japanese yen from 144.80. It fell at $1.0810 from $1.0859 against the euro.
Energy prices The US crude oil benchmark for October delivery rose 16 cents at $79.05 a barrel Thursday. Brent crude for October delivery rose 15 cents at $83.36 a barrel. Natural gas for September delivery added 2 cents at $2.52 per 1,000 cubic feet.
Bullion Gold for December delivery fell $1 at $1,947.10 an ounce. Silver for September delivery lost 16 cents at $24.23 an ounce. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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