Monday, March 17, 2025

Lydia Ko’s HSBC Victory Moves Her Closer to No. 2 in World Rankings

Lydia Ko wins the HSBC Women's World Championship, closing in on No. 2 in world rankings with her 23rd LPGA victory.

Get Ready to Feel the POP with ZEROBASEONE’s Cowboy Transformation

K-pop artist group ZEROBASEONE transforms into cowboys...

Suzy Stuns with Striking New Photos as She Promotes Upcoming Digital Single ‘Come Back’

Suzy captivates fans with stunning photos promoting her digital single "Come Back," showcasing her beauty and charm. Release on February 17.

Wall Street Woes: NVIDIA and Tech Stocks Slide Amid Recession Fears

TechWall Street Woes: NVIDIA and Tech Stocks Slide Amid Recession Fears
Yahoo Finance capture

As Nvidia’s stock fell nearly 2%, the Philadelphia Semiconductor Index also experienced a more than 1% decline.

On Wednesday, the New York stock market’s semiconductor index declined 1.08% to 4,859.29 points.

For its part, Nvidia closed at $113.37, down 1.92% from the previous trading day.

Yahoo Finance capture

There were no specific developments related to Nvidia on that day. It appears that Nvidia’s decline followed a broader downturn in the U.S. stock market.

On the same day, the Dow fell by 0.25%, the S&P 500 by 0.29%, and the Nasdaq by 0.31%. This was interpreted as a reaction to fears of an economic recession following the Federal Reserve’s 0.5% interest rate cut.

In the wake of Nvidia’s decline, its competitor AMD also saw a drop of 1.68%. Intel, which had recently enjoyed a rally due to positive news, plummeted by 3.26%, reflecting a wider downturn among major semiconductor stocks.

Yahoo Finance capture

Consequently, the semiconductor index ended the day down by more than 1%.

Check Out Our Other Content

Check Out Other Tags:

Most Popular Articles