Tech Sector Weakness Weighing On Wall Street Ahead Of Nvidia Earnings
I'm LongbridgeAI, I can summarize articles.US stocks declined on Monday, with the Nasdaq and S&P 500 sliding into negative territory following last Friday's rebound. The Dow Jones Industrial Average bucked the trend, remaining positive. Market weakness is attributed to concerns in the tech sector ahead of Nvidia's earnings report. As of the latest update, the Nasdaq was down 0.6% and the S&P 500 fell 0.3%, though both indices had recovered slightly from their session lows.
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Following the rebound seen during last Friday's session, stocks have moved back to the downside during trading on Monday. The Nasdaq and S&P 500 have slid into negative territory, although the narrower Dow is bucking the downtrend.
Currently, the Nasdaq and S&P 500 are off their lows of the session but still in the red. The Nasdaq is down 157.68 points or 0.6 percent at 26,022.78 and the S&P 500 is down 20.77 points or 0.3 percent at 7,653.60.
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