The strong decline of Nvidia is also influenced by the abrupt fall of this company on Wall Street after the restrictions imposed by the United States to trade with China.
Nvidia’s shares tumbled 11%, on track for its biggest one-day percentage drop since 2020, while smaller rival AMD’s shares fell almost 6%.
In turn, the downward trend of the most traded papers is influenced by the decline of the dollar “Contado con Liqui” which hits its lowest point in two weeks.
While, US stock indices fell for the fifth consecutive sessionas bets on a hawkish Federal Reserve continued, putting pressure on growth equities.
The 10-year Treasury yield rose to its highest level since June 21, while technology and growth stocks such as Apple, Amazon, Tesla and Microsoft fell between 0.3% and 1.8%.
Source: Ambito
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