Dow Jones Drops 300 Points; Nvidia and Palantir Tumble (Live)
Investors faced a challenging day in the stock market as the Dow Jones Industrial Average fell by 300 points. Major indexes, including other prominent stocks, were trending downward in premarket trading. This decline has been largely attributed to continued sell-offs in the artificial intelligence sector.
Market Overview
Nvidia, a leader in AI technology, experienced significant losses, contributing heavily to the downward trend. Palantir Technologies and Home Depot also registered losses before the market opened.
Key Stocks Affected
- Nvidia (NVDA): Continued to decline amid broader market sell-offs.
- Palantir Technologies (PLTR): Experienced losses, reflecting market vulnerability in the tech sector.
- Home Depot (HD): Registered a decrease prior to market hours.
This collective downturn indicates a broader apprehension among investors, particularly regarding technology and AI-related stocks. As markets open, many will be closely monitoring the situation to gauge potential recovery or further declines.