US Stock Market Live: Futures on Wall Street are trading at the flat line ahead of the final trading day of this truncated week. The Dow futures, after a 700-point sell-off overnight, are trading 20 points lower, while those on the S&P 500 and Nasdaq are quiet as well. The S&P 500 fell 2.2% in regular trading, while the Nasdaq saw a 3% drop, led by shares of Nvidia. The tech-heavy index is now down 19% from its record high levels, pushing it back to bear market territory after last week’s topsy-turvy moves. Watch this space for all the live updates.
US Stock Market Live: Futures on Wall Street are trading at the flat line ahead of the final trading day of this truncated week. The Dow futures, after a 700-point sell-off overnight, are trading 20 points lower, while those on the S&P 500 and Nasdaq are quiet as well. The S&P 500 fell 2.2% in regular trading, while the Nasdaq saw a 3% drop, led by shares of Nvidia. The tech-heavy index is now down 19% from its record high levels, pushing it back to bear market territory after last week’s topsy-turvy moves. Nvidia shares fell 7% after it announced a $5.5 billion quarterly charge and the need of a license to send chips from the US to China. The New York Times also reported that the Trump Administration is preparing for a crackdown on DeepSeek, to which Nvidia is a supplier. Brent crude is back at $66 per barrel after a stand-off between the US and Iran, gold prices are now nearing $3,400, while yield on the 10-year note in the US is at 4.28%. The US Dollar is under threat of breaking the 99 mark too. Watch this space for all the live updates.