S&P 500 and Nasdaq Composite Pull Back Further From Thursday's Intraday Record and Nvidia Eases
Stocks mostly eased Friday morning as the $S&P 500 Index(.SPX.US$ and $Nasdaq Composite Index(.IXIC.US$ continued to pull back after briefing hitting intraday highs Thursday on strength in market darling $NVIDIA(NVDA.US$ – which also eased Friday for a second day.
The S&P 500 traded 8.93 points lower (-0.2%) at 5,464.24 as of 10 a.m. ET, while the Nasdaq shed 44.02 ticks (0.3%) to 17,677.57. Only the $Dow Jones Industrial Average(.DJI.US$ gained ground, adding 50.32 points (0.1%) to trade at 39,185.08.
The S&P 500 and Nasdaq pulled back partly on weakness in Nvidia, which fell for a second day after also briefly reaching an intraday record high on Thursday.
NVDA traded at $126.97 shortly after 10 a.m. ET on Friday, down 2.9% on the session and 9.9% from the $140.76 intraday record that it notched on Thursday.
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Former top editor at Seeking Alpha, Fidelity.com, TheStreet.com and UPI.
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