The New York stock exchange fell on Tuesday, weighed down by declines in, among other things, oil companies and technology giants. The broad S&P 500 index and the technology-heavy Nasdaq composite index lost 0.8 percent, while the Dow Jones industrial index fell 1.0 percent.
As a result of the falling crude oil price – a barrel of North Sea oil cost just under 75 dollars when the exchange closed – the value of shares in energy giant Exxon Mobil fell 3.0 percent. As recently as last week, the oil price was over 80 dollars per barrel.
The index-heavy semiconductor giant Nvidia fell 4.5 percent. Dutch competitor ASML fell even harder, down 15.6 percent, following a statement by CEO Christophe Fouquet. He pointed out that products within artificial intelligence have "great potential", but that it will take time before other market segments have recovered.
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