From Nasdaq: 2024-06-21 11:39:31

Nvidia’s stock decline led to a chipmaker selloff ahead of a quarterly options expiry event, known as “triple witching,” with $5.5 trillion worth of contracts expiring. S&P 500 trading volume surged 90%, while Nvidia lost over $200 billion in value. Meanwhile, Treasuries weakened as US services activity rose, but existing home sales fell for the third month in a row.
Market Overview:
– Nvidia’s stock decline drives chipmaker selloff
– S&P 500 trading volume surges 90%
– Treasuries weaken, US services activity rises
Key Points:
– Existing home sales fall for third consecutive month
– Short interest in major ETFs hits record lows
– Record inflows into tech funds amid AI frenzy
Looking Ahead:
– Equities vulnerable to sudden sentiment shifts
– Corporate highlights: Airbus, American Airlines, Sarepta Therapeutics
– Canada considers tariffs on Chinese-made EVs.



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