ASML stock rises after fourth-quarter bookings at the Dutch semiconductor equipment maker top analysts’ forecasts, T-Mobile smashes profit expectations, and Wall Street awaits quarterly earnings Wednesday from Tesla,
Nvidia (NASDAQ: NVDA) stock fell 1.3%, a day after the chipmaker rallied to recover some of Monday’s steep losses suffered on Monday. Week to date, the stock is down more than 9% after the DeepSeek-sparked sell-off to start the week.
NASDAQ is losing ground as traders sell tech stocks. NVIDIA is the worst performer in the NASDAQ index today. Starbucks, which was up by 8.2%, was the biggest gainer in the index. The stock rallied as traders reacted to the better-than-expected earnings report.
Fed rate decision, stock market updates: Dow, Nasdaq, S&P 500 slip, Nvidia falls as Fed leaves rates unchanged Tech stocks led markets lower on Wednesday as the broader mood stayed muted after the Federal Reserve's latest interest rate decision saw the central bank keep rates unchanged in a range of 4.25%-4.5%.
Investors also assessed a return to a tougher tone on tariffs from President Donald Trump, ahead of the start of a Federal Reserve meeting
Plus: How AI propelled Nvidia up the list and other insights from this year's survey of corporate reputations.
Trump's plan for widespread buyouts raises plenty of questions.
Shares in Nvidia (NVDA) plunged 17% on Monday, wiping $589bn (£473bn) off of the AI chipmakers market value, which marked the largest single-day loss in stock market history. The chipmaker led a sell-off across chip stocks and the broader market,
Asian shares are mixed in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in September.
Meta Platforms, Tesla and most other U.S. stocks are rising Thursday following a rush of profit reports from some of the country’s most influential companies.
Meta Platforms and most other U.S. stocks are rising Thursday following a rush of profit reports from some of the country’s most influential companies, but drops for Nvidia and Microsoft are keeping the market in check.