Stock market today: Nasdaq leads rough kickoff to September as Nvidia sell-off continues – Yahoo Finance

The stock market kicked off September on a rough note today, with the Nasdaq leading the losses as tech giant Nvidia continued to struggle.

Investors were met with a sea of red as the Nasdaq Composite dropped 2.6% in early trading, while the S&P 500 and Dow Jones Industrial Average also saw declines. Nvidia, a leading semiconductor company, saw its stock price tumble by over 5% amid concerns about slowing demand for its products.

The sell-off in Nvidia comes after the company reported disappointing earnings last week, citing lower-than-expected sales of its gaming chips. This news has raised concerns among investors about the health of the semiconductor industry, which has been a key driver of the stock market’s rally in recent years.

Other tech stocks also took a hit today, with Apple, Amazon, and Microsoft all seeing declines. The broader market was also weighed down by concerns about rising inflation and the ongoing uncertainty surrounding the Federal Reserve’s plans to taper its stimulus measures.

Despite the rocky start to September, some analysts remain optimistic about the market’s long-term prospects. They point to strong corporate earnings, a rebounding economy, and the potential for additional stimulus measures as reasons to remain bullish on stocks.

Investors will be closely watching for any updates from the Federal Reserve and other economic data in the coming days for clues about the market’s direction. In the meantime, the stock market is likely to remain volatile as investors navigate the uncertainties of the current economic environment.