“Dow Jones Plunges as Nvidia Drags Chipmakers Down in September Kickoff” – Investopedia

The Dow Jones Industrial Average took a tumble to start off the month of September, as stocks slid on Tuesday. Leading the decline were chipmakers, with Nvidia taking a particularly hard hit.

Investors were cautious as they returned from the long Labor Day weekend, with concerns over rising inflation and uncertainty surrounding the Federal Reserve’s next moves weighing on the market. The Dow Jones dropped over 100 points, while the S&P 500 and Nasdaq also saw losses.

Nvidia, one of the leading chipmakers in the industry, saw its stock price plummet by over 3% on Tuesday. The company has been facing challenges in meeting demand for its products, as supply chain disruptions continue to impact the tech sector.

Other chipmakers also saw declines, with Advanced Micro Devices and Intel both experiencing losses. The semiconductor industry has been under pressure due to a global chip shortage, which has caused delays in production and increased costs for manufacturers.

Despite the overall market slide, some sectors managed to stay afloat. Retail and energy stocks were among the few that saw gains on Tuesday, as investors sought out defensive plays in the face of market uncertainty.

As investors brace for a potentially volatile month ahead, all eyes will be on the Federal Reserve’s upcoming meeting later this month. The central bank is expected to provide more clarity on its plans for tapering its bond-buying program and raising interest rates, which could have significant implications for the market.

Overall, the Dow Jones today reflected a cautious start to September, with chipmakers leading the decline. Investors will be closely monitoring the latest economic data and corporate earnings reports in the coming weeks to gauge the health of the market and potential opportunities for growth.