Markets remained unsettled on Wednesday as technology stocks continued to fall, dragging down stock indexes across the world for a second consecutive day.
The market tumble that began in the United States on Tuesday continued across Asia and Europe as concerns about the global economy and major tech companies like Nvidia spread among investors.
In the United States, the S&P 500 wavered on Wednesday, fluctuating between small gains and losses and ultimately falling about 0.2 percent, after a drop of more than 2 percent the previous day.
Nvidia traded roughly flat before ending the day down about 1.7 percent.
On Tuesday, the semiconductor giant’s stock plunged nearly 10 percent, erasing some $279 billion in market value, the biggest one-day decline for a U.S. stock on record.
A report released by the Labor Department on Wednesday showed that job openings in the United States fell below expectations in July, to 7.7 million, a decrease from a downwardly revised 7.9 million the previous month.
It was another sign of the labor market cooling, a source of anxiety for investors monitoring the health of the U.S. economy.
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Technology stocks continued to decline on Wednesday, causing stock indexes worldwide to fall for a second day in a row, leaving markets uneasy.
As investor concerns about the state of the world economy and big tech companies like Nvidia spread, the market collapse that started in the US on Tuesday spread to Asia and Europe.
The SandP 500 in the US exhibited erratic behavior on Wednesday, alternating between slight increases and decreases, and ultimately plummeting by approximately 0.2 percent, following a decline of over 2 percent the day before.
Before finishing the day down by roughly 1.7 percent, Nvidia’s trading was quite flat. Tuesday marked the largest one-day decline for a U.S. company as the stock of the massive semiconductor company fell by almost 10%, wiping out about $279 billion in market value. S. record-keeping stock.
In July, job openings in the United States decreased to 77,7 million, below expectations, from a downwardly revised 70.9 million in June, according to a Labor Department report released on Wednesday. It was an additional indication of the cooling labor market, which worried investors watching the state of the U. s. finances.
You. s. Treasury yields dropped following the release as investors wagered that at this month’s meeting, officials from the Federal Reserve would declare a possible larger-than-expected reduction in interest rates.
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