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Tech Stocks' Biggest Weekly Rout Since 2022 Roils Markets [BNN Bloomberg (Canada)]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
The S&P 500 index closed down 0.9%, dropping for the sixth straight session and the third straight week, leaving it more than 5% below its March 28 closing high. The Nasdaq 100 declined 2.1%, and recorded the deepest weekly drop since November 2022. The Cboe Volatility Index climbed close to 19. Tech heavyweights Nvidia Corp., Meta Platforms Inc. and Amazon.com Inc. were among the biggest contributors to the losses in both the stock indexes on Friday. The market was weighed down by geopolitical tensions as Israel launched a retaliatory strike on Iran following last week's missile and drone barrage from Tehran, according to two US officials, though media from both countries appeared to downplay the significance of the incident. “Geopolitical and political uncertainty join inflation, rates, and the Fed in pressuring markets, driving a rapid and dramatic shift in the complexion of markets and the attitude of investors,” said Mark Hackett, chief of investment research at Nationwide.
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