Nvidia's Record Buyback Couldn't Keep the Nasdaq Out of the Red on Monday Morning
Nvidia announced the largest buyback in US history. The Nasdaq fell 1% anyway.
Overview
President Donald Trump turned down Iran's peace offer over the weekend. Oil went up, gold fell apart, and nearly every chipmaker had a miserable morning.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) index dropped 1% as of 11:26 a.m. ET while the S&P 500 (SNPINDEX: ^GSPC) fell 0.8%. The Dow Jones Industrial Average (DJINDICES: ^DJI) declined by 0.7%. Seventeen of the Dow's 30 components traded lower in this Wall Street snapshot.
Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.