Mixed on Wall Street – Nvidia plummeted

» Published: August 29 2024

Mixed on Wall Street – Nvidia plummeted
Photo: Peter Morgan/AP/TT

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Tech giant Nvidia fell heavily on the New York stock exchange on Thursday. The share lost 6.4 percent.

Nvidia presented its interim report after the stock exchange closed on Wednesday. The report exceeded expectations, but the market was not satisfied.

Otherwise, the leading indexes on the New York stock exchange went in different directions on Thursday.

The Dow Jones industrial index rose 0.6 percent, the broad S&P 500 closed unchanged, while the technology-heavy Nasdaq composite index fell 0.2 percent.

During the day, figures were released showing that the US GDP increased more than expected during the second quarter. In a new calculation, the GDP rose to 3.0 percent in annual rate compared to 2.8 percent in the first measurement.

Cybersecurity company Crowdstrike rose 2.8 percent since the company's quarterly report turned out to be better than expected.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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