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US stocks: US market opens lower after Nvidia CEO steps down

By · Published by Everything Blog

In short

Major equity benchmarks recorded losses across the board immediately after the trading session began. The tech-heavy Nasdaq Composite dropped sharply, experiencing the steepest decline among the primary market indicators. Meanwhile, the S&P 500 and the Dow Jones Industrial Average also opened lower, with the Dow recording the most modest pullback of 58.5 points to 52,427.94.

Key points

  • Every major U.S. stock index recorded losses at the start of the trading day.: Every major U.S. stock index recorded losses at the start of the trading day.
  • Technology-focused shares absorbed the heaviest losses, leading the broader market downwa…: Technology-focused shares absorbed the heaviest losses, leading the broader market downward at the opening bell.
  • The chief executive officer's departure from Nvidia immediately triggered broad market de…: The chief executive officer's departure from Nvidia immediately triggered broad market declines across domestic indexes.

Sources checked by our analysis pipeline: 1

The Dow Jones Industrial Average fell 58.5 points, or 0.11%, at the open to 52,427.94. The S&P 500 fell 68.5 points, or 0.90%, at the open to 7,550.84, while the Nasdaq Composite dropped 374.1 points, or 1.47%, to 25,092.109.

More to come...

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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

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