US stocks dip as tech rally stalls, led by Nvidia and other AI darlings

From Yahoo Finance: 2024-06-21 17:35:45

US stocks dipped on Friday after tech stocks reversed course, following Nvidia’s 7% swing on Thursday. Other AI darlings like Dell and Broadcom also dropped between 1% and 2%. Investors await economic data next week, including US retail sales and jobless claims. Concerns rise over a potential recession with high jobless claims and low housing starts. In commodities, oil prices rose slightly, gold increased, and Bitcoin dropped. The 10-year Treasury yield fell to 4.23%. Traders watch for more market movements as tech stocks show signs of exhaustion.



Read more at Yahoo Finance: US stocks edge lower as AI-fueled tech rally stalls