Wall Street closes mixed as Nvidia slumps, megacap rotation lifts Dow and value pockets
Executive summary: Wall Street finished mixed, with the Dow Jones Industrial Average rising while the S&P 500 and Nasdaq Composite slipped. The session was dominated by a sharp Nvidia selloff, strength in Amazon, Apple, Meta and Microsoft, and a broader rotation away from tech and chips toward banks, defence and some cyclicals. Commodities were also volatile, with WTI crude, gold and Bitcoin lower, while natural gas surged. [Continue Reading]
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