Market Indexes Drop as Chip Stocks Take the Weekend's News Badly
Nvidia fell, Microsoft rose, and both moves trace back to the same weekend essay. Meanwhile, oil prices are soaring again.
Overview
It's another volatile day on Wall Street. The three core indexes are down again after ending last week on a high note. The catalysts? The usual suspects, but with some new twists.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) declined 0.4% just after noon ET, matching the S&P 500 (SNPINDEX: ^GSPC). The Dow Jones Industrial Average (DJINDICES: ^DJI) slipped just 0.1% at the same time. All three headed into lunch well off their lows; the Nasdaq had been down as much as 1.3%.
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Originally published at www.fool.com.
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