Nvidia extends decline

Note: This section contains information in English only.
Source: Dukascopy Bank SA


US tech stocks declined on Tuesday, as a major sell-off occurred that was attributed to various reasons. Some quoted the start of a new month as the reason for the sell-off. Some blamed the lack of earnings in the tech sector. Meanwhile, others shorted the major head and shoulder pattern that was seen on all stock indices.

The biggest looser during this sell off was the stock price of Nvidia, as it was dumped the most. The total losses by the end of the day amounted to 9.53%. However, on Wednesday, the decline continued, as the stock price started the day with a gap down of -2.36% or -$2.55.

This stock sell off continues due to an announcement that was done after yesterday's market closure. Bloomberg revealed that the Department of Justice of the United States has sent Nvidia a subpoena about an antitrust investigation. In general, it is assumed by market commentators that another reason for the sell-off was that insiders and politicians had known about the upcoming drop of the stock. Due to rumours, the information had spread and selling occurred.
Back to articles

Actual Topics

Tue, 10 Sep 2024 12:03:57 GMT

Oracle stock jumps due to earnings

The stock price of Oracle is set to start Tuesday's trading with a jump of $11.00 or 7.90%. The reason for the gap up are the quarterly financial results and future expectations. Quarterly earnings per share are $1.39 instead of forecast $1.332. Meanwhile, the total revenues were 0.56% above expected. Moreover, the company expects its income to continue to grow, as

Wed, 04 Sep 2024 09:50:12 GMT

Boeing is downgraded by Wells Fargo

Wells Fargo has downgraded Boeing's stock. The stock has been downgraded to underweight with a price target of $119.00, which is 32% below the current price. The bank has indicated that the bank's income of $10 billion might be delayed by two years. Moreover, Boeing is set to spend $30 billion on the development of a new aeroplane. The news caused

Subscribe to "Fundamental Analysis" feed

Подписаться
Чтобы узнать больше о торговой платформе Forex/CFD, SWFX и получить другую информацию, связанную с торговлей,
пожалуйста, звоните нам или запросите обратный звонок.
Для получения дополнительной информации относительно сотрудничества,
пожалуйста, позвоните нам или запросите обратный звонок.
Чтобы узнать больше о торговых платформах (Forex / Бинарные опционы) от Dukascopy Bank, торговой площадке SWFX или получить другую информацию, связанную с торговлей,
пожалуйста, позвоните нам или запросите обратный звонок.
Чтобы узнать больше о торговой платформе Forex/CFD, SWFX и получить другую информацию, связанную с торговлей,
пожалуйста, звоните нам или запросите обратный звонок.
Чтобы узнать больше о Крипто / CFD / Forex торговых платформах, SWFX и получить другую информацию, связанную с торговлей,
пожалуйста, позвоните нам или запросите обратный звонок.
Чтобы узнать больше о Представляющих агентах и получить другую информацию, связанную с торговлей,
пожалуйста, позвоните нам или запросите обратный звонок.
Для получения дополнительной информации относительно сотрудничества,
пожалуйста, позвоните нам или запросите обратный звонок.