S&P 500 and Nasdaq declined – which is to be expected from September as a difficult month

11:41 - 5.09.2024


September 5, Fineko/abc.az. Today, on September 5, futures for the S&P 500 index are traded down 0.07% to 5,519.25 points.

ABC.AZ reports that on the eve of the US stock indexes closed in different directions after a sharp sell-off that occurred a day earlier due to concerns about economic growth.

The S&P 500 index fell by about 0.2%, while the tech-heavy Nasdaq Composite declined by almost 0.3%. Meanwhile, the Dow Jones index closed with an increase of about 0.1%.

The indices started the week with a sharp decline, repeating the dynamics of the heavyweight of the US stock market Nvidia. The shares of the IT giant are losing value as faith in artificial intelligence gradually disappears from investors. So, on Tuesday, September 3, the company's market value fell by $279 billion. And on Wednesday, Nvidia shares lost more than 1.5% after U.S. regulators stepped up an antitrust investigation into the chipmaker.