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Tech shares weigh on equities as NVDA stock falls. Nasdaq down 0.4%

Tech shares weigh on equities as NVDA stock falls. Nasdaq down 0.4%
After a flat open, sellers have crept into the stock market, particularly in the Nasdaq, which is now down 0.4%.The high-flying shares of Nvidia are under pressure after the announcement of a new chip yesterday failed to spark a rally. The company trades at extreme multiples upwards of 40x trailing price-to-sales.Technically, there are growing warnings signs as a series of lower highs and lower lows have appeared on the daily chart. In addition, today's low breaks support from last week's bottom... Read More
Posted: Aug 9 2023, 14:20
Author Name: forexlive
Views: 102376

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