Wall Street closes mixed as Nvidia-led tech selloff hits Nasdaq, while Dow and cyclicals hold up
Executive summary: US stocks finished mixed, with the Nasdaq Composite falling -1.3% as Nvidia, Apple and the broader chip complex sold off sharply. The Dow Jones gained +0.9%, while the S&P 500 slipped -0.4%. The session pointed to a rotation away from high-multiple tech and semiconductors, even as select industrial, defense and consumer names held firm. Gold, palladium, silver, bitcoin and ether all rose, while crude was little changed and energy stocks edged lower. [Continue Reading]
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