US Stock market today: Dow Jones, S&P 500, Nasdaq end in red, check Wednesday's top performing, losing stocks
US Stock market today closed in red after much needed Wednesday morning gains failed to sustain its momentum. Major indices such as S&P 500 fell 40.53 points, or 0.8 per cent, to 5,199.50, Dow Jones Industrial Average was down 234.21 points, or 0.6 per cent, to 38,763.45. While, Nasdaq composite fell 171.05 points, or 1 per cent, to 16,195.81, Russell 2000 index of smaller companies tumbled 29.19 points, or 1.4 per cent, to 2,035.11.
Wednesday Market Stocks
Stocks swung lower as Nvidia, one of Wall Street’s most influential companies, went from a morning gain of 4.4 per cent and pushing strongly upward on the S&P 500 to a loss of 5.1 per cent that made it the index’s heaviest weight. Nvidia and other Big Tech stocks have been struggling the last month on worries their prices shot too high amid Wall Street’s frenzy around artificial-intelligence technology.
A profit report from Super Micro Computer, whose stock more than quadrupled in less than three months to start the year, helped further mar excitement around AI. Even though its revenue soared 143 per cent in the latest quarter, profit for the company that sells server and storage systems used in AI and other computing fell short of analysts’ heightened expectations. Its stock tumbled 20.1 per cent.
The Walt Disney Co. delivered stronger earnings for the latest quarter than analysts expected, and its streaming business reported a profit for the first time. But its stock nevertheless fell 4.5 per cent after it warned recent softness it saw at its U.S. theme
