US stocks ease as tech, airline shares fall; Nvidia drops 2%

business-standard.com —

US stocks mostly fell Friday as technology shares sold off on concerns about chipmaker Nvidia, while airline stocks dropped after the FAA issued a national ground stop of all departing flights due to safety concerns. The Nasdaq and S&P 500 ended lower, though all major indexes posted weekly gains. Nvidia shares fell 2% following CEO Jensen Huang's resignation, which raised questions about US chip export policy and the AI industry's future. The dollar hit a 19-month high as traders increased bets on faster Fed rate hikes following inflation data. Treasury yields saw their largest weekly rise in over two years, while oil prices declined for a second straight week.


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